Bahrain awards $3.42bn tenders in H1; oil, construction top list

Bahrain had awarded a total of 1,070 tenders and auctions worth BD1.3 billion ($3.42 billion) during the  first six months of the year, despite the difficult economic conditions triggered by the Covid-19 pandemic, according to new data released by Bahrain’s Tender Board.

Of this, the lion's share was for oil sector projects worth BD696 million followed by aviation (BD179 million) and the construction and engineering consultancy (BD155 million).

The total value of the tenders awarded has grown by 60% from BD820 million in the first half of 2020, which reflects the volume of economic activity in the kingdom, it stated.

The value of contracts in the field of services, auctions and investment amounted to approximately BD144.4 million, while the materials and equipment sector contracts were worth BD137 million.

According to Bahrain’s Tender Board data, Tatweer Petroleum was the highest selling agency in terms of the value of the tenders awarded in the first half with a value of BD547.4 million for 63 tenders, followed by the Bahrain Petroleum Company with a value of BD105.9 million for 31 tenders.

The Ministry of Works, Municipalities Affairs and Urban Planning was in the second spot with a value of BD87.4 millon for 74 tenders, followed by the Electricity and Water Authority with a value of BD80.7 million for 74 tenders, and finally Gulf Air with a value of BD43.7 million for 59 tenders.

Tender and Auction Board Chairman Sheikh Nayef bin Khalid Al Khalifa said: "The 35% increase in the number of tenders awarded in the first half of this year reflects the growth rate witnessed by the main economic sectors in Bahrain, and the investment opportunities in Bahrain."

Despite the Covid-19 pandemic and its direct impact on the supply and supply lines and the provision of services, we have succeeded in performing our duties to the fullest, while enabling the managing authorities to implement their plans and projects without any delay thanks to the adoption of an emergency plan in line with the instructions of the National Medical Team," he added.-TradeArabia News Service

Source: http://www.tradearabia.com/news/CONS_386201.html