Bahrain awards $704.8m worth of construction contracts for 9M 2020

The kingdom of Bahrain has awarded 1,022 tenders in the first nine months of 2020, amounting to a total of $2.7bn, according to data released by Bahrain’s Tender Board – the country’s government procurement regulator.

In terms of value of contracts, the oil sector took majority of the share awarding 134 tenders worth $733.8m(BHD277.4m), followed by the construction and engineering industry, winning 162 tenders worth a combined $704.8m (BHD265m).

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 $501.3m (BHD188.5m), $471.5m (BHD177.3m) and $256.1m (BHD96.3m) worth of tenders awarded respectively. 

Commenting on the figures, the Chairman of the Tender Board, Shaikh Nayef bin Khalid Al Khalifa said: “Despite the ongoing global economic challenges, the first nine months of 2020 have seen Bahrain award more than 1,000 contracts valued at well over $2bn 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.”

In terms of the purchasing authorities, Tatweer Petroleum topped the list for highest total value of tenders issued, worth a combined $711.7m (BHD267.6m). Gulf Air followed close behind, awarding some $488m (BHD183.5m)  of tenders, followed by the Electricity & Water Authority; the Ministry of Works, Municipalities Affairs & Urban Planning; and the Ministry of Housing, which awarded a combined $343.6m (BHD129.2m), $254.3m (BHD95.6m) and $240.4m (BHD90.4m) of contracts respectively.

Visit source site.

This information has been sourced from ConstructionWeekOnline. All rights and opinions thereof belong to the original source author/publisher. WASEL&WASEL does not purport to be affiliated with the news, its persons, or interests in any way unless explicitly stated so.

To request our assistance, please contact one of our Professionals.

Share this: