Bahrain government awarded 1,688 tenders worth $4.1bn in 2020 compared to $4.8bn in 2019, a 1.46 per cent drop YoY.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
12 | the publication reaches you by | Bahrain NewsIn second place was the construction and engineering industry with 317 tenders worth a combined $875.7m (BHD330.1m). This kingdom has a pipeline of ongoing infrastructure projects valued at some $32bn.
While bringing up the rear in terms of value of contracts, the services sector was awarded the highest number of contracts, at 599.
The Ministry of Health (MoH) saw a sizeable increase over last year – in terms of both number of tenders issued and value of tenders. In 2019 the MoH awarded 93 tenders, valued at some $123.8m (BHD46.7m). In 2020 the MoH awarded 137 tenders valued at $298.1m (BHD112.4m) – a near threefold increase in value. This surge in spending is attributed to the kingdom’s response to the Covid-19 pandemic, including investment in a track and trace app, testing, vaccinations, hospital robots, car park conversions to hospitals and more.
A record number of tenders were awarded to the SME sector during 2020, worth a total of $145.4m (BHD54.96m).
“[The year] 2020 has proven one of the most challenging and unpredictable years globally for businesses in all sectors across the board,” said Shaikh Nayef bin Khalid Al Khalifa Chairman of the Tender Board. “Despite these less than friendly conditions, throughout the year, Bahrain has awarded an impressive 1,688 contracts valued at well over $4bn.”
ONE of the largest jewellery retailers, Malabar Gold and Diamonds, has launched a special collection of diamond and…
20 | the publication reaches you by | Bahrain News
Do you have information you want to reach our readers?
You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.
The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
