Bahrain awarded $1.7bln contracts in H1 2020

Construction and engineering sector saw the most contracts with awarded tenders worth $588.3mln

  
Image used for illustrative purpose. Bahrain. Modern buildings in Manama skyline.

Image used for illustrative purpose. Bahrain. Modern buildings in Manama skyline.

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Bahrain has awarded 769 tenders in H1 2020 worth $1.7 billion, data released by Bahrain’s Tender Board showed.

In the first six months of the year, the construction and engineering sector saw the most contracts, with awarded tenders worth $588.3 million. The oil and gas sector followed with $416.3 million, then the materials and equipment sector with $292.6 million, the services sector with $202.4 million and the aviation sector with $172.2 million.

“Bahrain awarded a total of 47 public tenders worth a combined US$ 21.8 million to Small and Medium Enterprises SMEs as per the Cabinet decision to assign some public spending to the SME sector,” Shaikh Nayef bin Khalid Al Khalifa, Chairman of Tender Board said.

Tatweer Petroleum awarded tenders worth a total of $396.5 million followed by the Electricity and Water Authority with awarded bids worth $305.3 million and the Ministry of Housing awarded tenders worth $238.6 million during the period.

The Bahrain Tender Board is an independent, regulator of government procurement practices.

(Writing by Gerard Aoun; editing by Seban Scaria)

( gerard.aoun@refinitiv.com )

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© ZAWYA 2020

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