Bahrain awarded 1,022 tenders in the first nine months of 2020 worth $2.7 billion, according to data released by the Tender Board, the country's government procurement regulator.

In terms of contract value, the oil sector topped the table with awards worth $733.8 million (277.4 million Bahraini dinars) followed by the construction and engineering sector with $704.8 million (265 million dinars) of contract awards, a Tender Board statement said. While bringing up the rear in terms of value of contracts, the services sector was awarded the highest number of contracts, at 361.

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The Chairman of the Tender Board, Shaikh Nayef bin Khalid Al Khalifa pointed out that the consistently high value of contracts in the Kingdom's thriving construction and engineering sector was "a testament to the rich opportunity on offer" owing to an extensive, multi-billion-dollar pipeline of projects.

Bahrain's extensive pipeline of major infrastructure projects is currently valued at some $32 billion, according to the statement.

In terms of top issuers, Tatweer Petroleum topped the list for highest total value of tenders issued, worth a combined $711.7 million (267.6 million dinars). Gulf Air followed close behind, awarding some $488 million (183.5 million dinars) 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 $343.6 million (129.2 million dinars), $254.3 million (95.6 million dinars) and $240.4 million (90.4 million dinars) of contracts respectively.

(Writing by Syed Ameen Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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