Mubasher: Kuwait and Gulf Link Transport (KGL) announced that it offered the lowest bids in a tender submitted by the interior ministry of Kuwait.

The tender contract is valued at KWD 6.7 million ($22.2 million), according to a bourse statement on Thursday.

KGL noted that the tender’s contract has a duration of 36 months, however the company has not yet received any official letter of notification.

A return of 5% is expected to be realised from this tender, KGL said.