Combined Group Contracting

What Combined Group Contracting does

Combined Group Contracting Company (K.S.C.) is a publicly listed Kuwaiti shareholding company (ticker: CGC) founded in 1965 that delivers construction, infrastructure, and oil-and-gas contracting services across the GCC and MENA regions. Its core offerings span six project sectors — highways, oil and gas, buildings/constructions, housing, water and energy, and roads and maintenance — supported by vertically integrated service centers comprising asphalt plants, ready-mix plants, heavy equipment fleets, and maintenance workshops. The company operates through 13 wholly-owned subsidiaries covering specialized contracting, real estate, energy trading, and software, and maintains active branches in 9 countries including Kuwait, UAE, Qatar, Saudi Arabia, Oman, Bahrain, Syria, Lebanon, and Iraq.

Name

Combined Group Contracting

Legal name

Combined Group Contracting Company (K.S.C.)

Website

https://combinedgroup.net

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Combined Group Contracting Company (K.S.C.) is a Kuwaiti-listed construction and infrastructure contractor serving government and oil-and-gas clients across the GCC and MENA regions since 1965, operating through 13 subsidiaries and branches in nine countries.

Ownership category

akta.pro rank

Product category

Construction & Contracting Services

NAICS

All Other Specialty Trade Contractors (238990), Other Specialty Trade Contractors (2389)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Construction - Special Trade Contractors (1700), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Public Works General Contracting (IMAFAAAG)

akta.pro secondary industries

Industrial/Process Plant General Contracting (IMAFAAAH), Commercial General Contracting (New Build) (IMAFAAAA)

Keywords

• Construction contracting
• Highway construction
• Oil gas construction
• Infrastructure development
• Building construction

Headquarters

HQ city

Kuwait City

HQ country

Kuwait

HQ region

Middle East

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. Construction and Contracting Services: Project-based revenue from construction, highways, infrastructure, oil and gas projects. Revenue is generated through awarded contracts and change orders. The company reported operational revenues of 173 million dinars in 2023 compared to 154 million dinars in 2022, marking an 11.88% increase.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Combined Group Contracting Company (K.S.C.) is a Kuwait-based public shareholding construction and contracting firm established in 1965 that executes highways, building, housing, water and energy, oil and gas, and roads and maintenance projects for government ministries and private sector clients across the GCC and MENA regions. The company operates integrated service centers including ready-mix plants, asphalt factories, heavy equipment fleets, and maintenance workshops that support its own construction projects. It generates revenue primarily through competitively awarded tenders and direct contract awards, supplemented by change orders on existing projects.

Product overview

Combined Group Contracting Company (K.S.C.) is a construction and contracting company operating in the GCC and MENA regions since 1965. The company offers a comprehensive portfolio of construction and infrastructure services organized into two main categories: (1) Core project services including Highways, Constructions, Housing, Oil and Gas, Water and Energy, and Roads and Maintenance; and (2) Service Center operations encompassing Ready Mix Plants, Asphalt Factories, Heavy Equipment, and Maintenance workshops. The company also maintains multiple subsidiaries including Combined Group Rocks Co., Combined General for General Trading & Contracting Co., Combined International Real Estate Co., Combined Energy, and Combined Technology for Design and Programming of Special Software. The service centers provide integrated support including asphalt and ready-mix plants, vehicle fleet, heavy equipment, and maintenance workshops to support all company construction projects.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 11.88% revenue increase from 2022 to 2023
• +2 more outcomes

Named customers14 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Sadu Weaving Cooperative SocietyminorStrategic or Co-development PartnerCollaborative partnership for the construction of Sadu Street, the first of its kind in Kuwait featuring woven pavement. Project executed in novel contemporary art style while preserving traditional heritage of Kuwaiti national identity.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Kharafi National: One of Kuwait's largest general contractors and facilities management firms, executing roads, infrastructure, oil & gas, and government projects across the GCC; directly comparable in geography, customer base, and service mix.
• Al Jaber Group: Qatar-based conglomerate with a flagship construction arm executing roads, buildings, oil & gas and military projects; competes with CGC in the same GCC tender pool and serves similar state-owned clients.
• Al-Bawani Construction: Saudi Arabian general contractor delivering buildings, roads, and industrial projects for government and private clients; competes in the same regional market and pursues similar public-tender-driven revenue model.
• Arabtec Holding: UAE-headquartered general construction group with a similar mix of high-rise buildings, infrastructure, and oil & gas project delivery across the GCC; competes directly with CGC for public and private tenders.
• National Petroleum Construction Company (NPCC): UAE-based EPC contractor focused on oil & gas and energy infrastructure for ADNOC and other national oil companies; directly comparable on the oil & gas construction portion of CGC's portfolio.
• Al Rajhi Construction & Industrial Co. Large Saudi contracting firm executing infrastructure, buildings, and oil & gas projects across KSA and the GCC; comparable in scale, service mix, and government contract orientation.
• Galfar Engineering & Contracting: Oman-based general contractor serving oil & gas, roads, buildings, and infrastructure for government clients across the MENA region; comparable scale, sector mix, and dependence on public-sector awards.
• Construction & Building Materials Group Co. (Kuwait): Kuwaiti general contractor active in buildings, infrastructure, and supply of construction materials to public and private clients; directly comparable domestic competitor in CGC's home market.

Broad incumbents

• Al Habtoor Group: Diversified UAE conglomerate with a large construction and real estate division delivering buildings, roads, and infrastructure; broader portfolio than CGC but overlaps on GCC contracting tenders.
• Larsen & Toubro: India-headquartered global EPC major with substantial GCC operations across buildings, infrastructure, hydrocarbons, and power; competes for the same large-scale government and oil & gas tenders as CGC but at materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@cgccombinedgroupcontractin4424
• Facebookfacebook.com/CGCcompany
• LinkedInlinkedin.com/company/combined-group-contracting

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Combined Group Contracting