Monday 18 January 2021

Bahrain awards $2.7bn tenders in first nine months

MANAMA, November 30, 2020

Bahrain has awarded a total of 1,022 tenders in the first nine months worth a total of $2.7 billion, according to new data released by Bahrain’s Tender Board – the country’s government procurement regulator.
In terms of value of contracts, the oil sector took the lion’s share awarding 134 tenders worth $733.8 million, followed by the construction and engineering industry,  winning 162 tenders worth a combined $704.8 million - clearly underscoring the Government’s continued commitment to its extensive pipeline of major infrastructure projects, currently valued at some $32 billion.
The construction and engineering sector was followed by the aviation sector, the materials and equipment sector, and finally the services sector, which saw a total of $501.3 million, $471.5 million and $256.1 million worth of tenders awarded respectively. 
While bringing up the rear in terms of value of contracts, the services sector was awarded the highest number of contracts, at 361.
Commenting on the new figures, Chairman Shaikh Nayef bin Khalid Al Khalifa said: "Despite the ongoing global economic challenges, the first nine months have seen Bahrain award more than 1000 contracts valued at well over $2 billion to businesses in all sectors across the board."
"This robust performance is indicative of Bahrain’s commitment and ability to remain open for business even in times of crisis. Of particular note is the consistently high value of contracts in the kingdom’s thriving construction and engineering sector, testament to the rich opportunity on offer owing to our extensive, multi-billion dollar pipeline of projects there," he stated.
As for the purchasing authorities, Tatweer Petroleum topped the list for highest total value of tenders issued, worth a combined $711.7 million. 


More Construction & Real Estate Stories

calendarCalendar of Events