Bahrain Tender Board: Bahrain awards over 1,000 tenders worth $2.7bn

Bahrain

Bahrain awarded 1,022 tenders in the first nine months of 2020 with a total value of $ 2.7 billion, according to new data released by the Bahrain Tender Board – the country’s government procurement regulator.

In terms of the contract value, the oil sector won the lion’s share by awarding 134 bids worth $ 733.8 million, followed by the construction and engineering sector, winning 162 bids with a combined value of $ 704.8 million – the government’s vast pipeline for major infrastructure projects is currently being evaluated. $ 32 billion.

The construction and engineering sector was followed by the aerospace, materials, and equipment sector, and finally, the services sector, which witnessed the awarding of bids with a total value of $ 501.3 million, $ 471.5 million, and $ 256.1 million, respectively.

The Chairman of the Bahrain Tender Board, Sheikh Nayef bin Khalid Al Khalifa, said that this strong performance indicates Bahrain’s commitment and ability to remain open for business even in times of crisis. Of particular note is the continuing high value of contracts in the Kingdom’s thriving construction and engineering sector, a testament to the wealth of opportunities on offer given its vast, multi-billion dollar pipeline.

As for the procuring entities, Tatweer Petroleum topped the list of the highest total value of the issued tenders, with a total value of $ 711.7 million. Gulf Air followed suit, awarding about $ 488 million in tenders, followed by the Electricity and Water Authority. The Ministry of Works, Municipalities Affairs and Urban Planning; And the Ministry of Housing, which awarded $ 343.6 million, $ 254.3 million, and $ 240.4 million, respectively.