Tenders worth around BD174.228 million were awarded during August 2022, the government procurement regulator announced yesterday.
In an Instagram post, the Tender Board said the 173 contracts awarded last month represent key economic sectors.
The aviation sector topped in value of tenders awarded at an estimated value of BD52,616m, followed by the services, auctions and investment sector with an estimated value of about BD47,385m.
The total value of tenders awarded in the oil sector was BD40.66m, followed by the materials and equipment sector at BD24.38m and the constructions and engineering consultancy sector came last with an estimated value of about BD9.18m.
Meanwhile, the latest Bahrain Economic Quarterly Report shows that during Q2-2022 this year, projects worth $100m were awarded, increasing the total value of awarded projects to $6.1bn, an increase of 8.2pc compared to Q2-2021.
The awarded projects included Shaikh Mohammed bin Khalifa’s Specialist Cardiac Centre, under the umbrella of the Emirates Development Fund, the Janabiya Highway widening project under the Kuwait Development Fund, and the development of the Sports City under the Saudi Arabia Development Fund, all of which were awarded during the period from April to June this year.
The $7.5 billion GCC Development Fund has contributed to financing a number of development projects across many sectors, such as housing, infrastructure, and social development, youth and sports, in addition to development work of Bahrain International Airport.
The quarterly economic report posted by the Finance and National Economy Ministry on its website also notes that the Electricity and Water Affairs Ministry tendered a 20-year contract for local or international companies to build, own, operate, and maintain grid-linked solar photovoltaic power panels with a minimum capacity of 72MW.
This project is in line with the kingdom’s vision to adopt a circular carbon economy that would further protect the environment and support in achieving the 2060 net zero target.
The report says that 11 companies submitted prequalification documents for Bahrain’s planned metro project having an estimated value of $2bn, which will see the development of a 109-km network in four phases.
Also issued during the quarter was a bid for consultancy for the planned Sports City development in Sakhir.
The development will have the country’s largest sports stadium and a multi-purpose indoor sports area.
avinash@gdnmedia.bh
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