17 November 2019
Global professional services firm KPMG has emerged as the lowest bidder for providing transaction advisory services for phase one of the Bahrain Metro project.
Six companies had submitted bids, according to the Bahrain Tender Board.
KPMG's 1.6 million Bahraini dinars ($4.3 million) bid was the lowest followed by the Lazard Freres' 1.89 million dinars bid. Gulf International Bank submitted the highest bid (3 million dinars), followed by Ernst & Young (2.5 million dinars), PwC Middle East (2.05 million dinars), and Deloitte Professional Services (2.1 million dinars), according to the tender board notice.