Mushrif wins $21.5mn road deal

Firm lands two-year contract to build u-turns on Nuwaiseeb highway

Mushrif Trading & Contracting CEO Mohsen Dehghani.
Mushrif Trading & Contracting CEO Mohsen Dehghani.

Mushrif Trading and Contracting Co has signed a deal with Kuwait's Ministry of Public Works to design, build and maintain a number of temporary u-turns that have been installed on the Nuwaiseeb highway.

The contract is worth KD6.1mn ($21.5mn) and will run for two years, completing in 2016.

Mushrif added that it expects to make a margin of around 9.5% on the contract.

Mushrif Trading & Contracting declared a profit of $5.3mn on revenues of $134.9mn in 2013, according to recently-filed accounts.

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