Kuwait’s Abdulrahman al-Bahar & Sons Company has submitted the low-bid for the Kuwait Gulf Oil Company (KGOC) office building in the Ahmadi district.
The firm submitted a bid of KD11.47m ($37m) for the work. The local Al-Hamra Kuwait Company submitted the second lowest-bid of KD11.58m with First Kuwaiti General Trading & Contracting, also local, coming third with a bid of KD12m.
Seventeen local firms submitted bids in total.
The two-year contract covers the construction of a three-storey building which will act as the new head office for KGOC. The Ahmadi district is located in the south of the country.
The bid deadline for the project was extended from 18 January to 8 February by the client.
KGOC was founded in February 2002 to represent Kuwait in the Divided Zone which it shares with Saudi Arabia (14:01:08).