Al Imtiaz Investment Group’s subsidiary won a tender worth KWD 11.49 million, the company announced in a statement sent to Boursa Kuwait, as cited in Mubasher.

The five-year tender will cover the import of main and secondary heavy equipment for Kuwait Gulf Oil Company, Al Imtiaz clarified, noting that the tender works will be carried out in Wafra oil field in the neutral zone shared between Kuwait and Saudi Arabia.

Moreover, the subsidiary is expected to generate a profit margin ranging from 2% to 4% of the contract’s value.