Kuwait-Mubasher: Hayat Communications has signed a contract worth KWD 5.65 million with Huawei Tech. Investment Limited, for beginning phase two of designing and executing the infrastructure works of fiber-optic cables for Kuwait’s transportation ministry.

Hayat said in a bourse filing that the contract has duration of two years, with a possible unconditional extension for one year.

The Kuwaiti company said it will operate the project at a profit margin of 10%.