Bahrain awarded 1,070 tenders worth $3.42bn during H1 of 2021
Oil, Aviation and construction services sectors made up the bulk of contracts awarded
Bahrain has awarded a total of 1,070 tenders and auctions worth $3.42 billion during the first six months of the year, despite the economic conditions triggered by the COVID-19 pandemic, newly released data from Bahrain’s Tender Board has shown.
Of the contracts awarded, the majority were for the oil sector, with projects worth $1.84 billion, followed by aviation ($474.8 million), and the construction and engineering consultancy sector with $411.2 million.
The Tender Board stated that the total value of tenders awarded has grown by 60% from $2.17 billion in the first half of 2020, which is a reflection of the volume of economic activity in the kingdom.
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.
The value of contracts in the field of services, auctions and investment amounted to approximately $383 million, while the materials and equipment sector contracts were worth $363.4 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 $1.45 billion for 63 tenders, followed by the Bahrain Petroleum Company with a value of $280.9 million for 31 tenders.
The Ministry of Works, Municipalities Affairs and Urban Planning was in the second spot with a value of $231.8 million for 74 tenders, followed by the Electricity and Water Authority with a value of $214 million for 74 tenders, and finally Gulf Air with a value of $115.9 million for 59 tenders.
