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Bahrain issues $1 6bln tenders in Q1; energy deals top list

Bahrain sees 23% rise in the value of government tenders issued in Q1

Bahrain issues $1 6bn tenders in Q1; energy deals top list

Bahrain issues $1.6bn tenders in Q1; energy deals top list MANAMA, 3 hours, 0 minutes ago Bahrain has issued government contracts worth $1.6 billion for the first three months, up 23 per cent over the same period last year, according to new data released by the kingdom’s Tender Board.   Of this, the lion s share of contracts worth $767 million were from oil and gas sector accounting for 48 per cent of the total followed by aviation sector ($382 million) and construction and engineering ($194 million) and materials and equipment sector ($119 million).   Bahrain s Tender Board said the total number of individual contracts rose 25 per cent year-on-year over the first three months, with the majority issued as part of Bahrain’s $32 billion infrastructure development plans.

Bahrain sees 23% rise in the value of govt tenders issued in Q1

DUBAI: Bahrain issued $1.6 billion worth of government contracts in the first quarter (Q1) of 2021, a year-on-year rise of 23 percent, according to new data released by Bahrain’s Tender Board the country’s government procurement regulator. The total number of individual contracts rose 25 percent year-on-year over the first three months of 2021, with the majority issued as part of Bahrain’s $32 billion infrastructure development plans. The oil sector was the dominant source in Q1, accounting for $767 million or 48 percent of all contracts. This was followed by the aviation sector ($382 million), the construction and engineering consultancy sector ($194 million) and the materials and equipment sector ($119 million).

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