Nazaha starts probe into corruption charges against 268 government employees in April    Saudi Heritage Commission partners with Kanazawa University for archaeological studies    Saudi Arabia sees 16% increase in net direct foreign investment    Saudi Vision 2030 report highlights client satisfaction with judicial services at 97%    Prince Bader and Ammar Altaf open the sixth edition of Automechanika Riyadh    GASTAT: Saudi non-oil activities record 2.8% growth in 1Q of 2024    Gaza hostage's mother pleads for ceasefire deal    NYC police raid Columbia University building occupied by Gaza protesters    Rising Hindu nationalism leaves Muslims fearful in India's holy city    Boy, 14, killed in London sword attack    AI powered Arabic Intelligence Center launched in Riyadh    Al-Hilal beats Al-Ittihad in heated King's Cup semi-final    Infinix GT 20 Pro flagship launch: Revolutionizing esports-level gaming and ushering in a new era of the holistic gaming universe    Saudi Electricity Company gains regulatory approval for increased weighted average cost of capital    SFDA: Breast-milk substitute products are sugar-free complying with Saudi specifications    Saudi Olympic team exits U-23 Cup in quarterfinals, loses Paris 2024 Olympics dream    Al Hilal triumphs over Al Fateh in a fierce 3-1 clash at Kingdom Arena    Al Shabab overpowers Al Ittihad with a 3-1 victory in Jeddah    'Zarqa Al Yamama': Riyadh premieres first Saudi opera    Australian police launch manhunt for Home and Away star Orpheus Pledger    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bahrain awarded $4.1 billion worth of contracts in 2020
Published in The Saudi Gazette on 25 - 03 - 2021

Bahrain awarded 1,688 tenders throughout 2020 worth a total of $4.1 billion (BHD 1.6 billion) compared to a total of $4.8 billion (BHD 1.8 billion) in 2019, according to new data released by Bahrain's Tender Board — the country's government procurement regulator.
In terms of value of contracts, the oil sector took on 228 tenders worth $1.6 billion (BHD 598.1 million) followed by the construction and engineering industry, winning 317 tenders worth a combined $875.7 million (BHD 330.1 million) — clearly underscoring the Government's continued commitment to its extensive pipeline of major infrastructure projects, currently valued at some $32 billion.
The construction and engineering sector was followed by the aviation sector, the materials and equipment sector, and finally the services sector, which saw a total of $638.2 million (BHD 240.6 million), $606.1 million (BHD 228.5 million) and $424.8 million (BHD 160.1 million) worth of tenders awarded respectively. 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 sizable 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 $123.8 million (BHD 46.7 million). In 2020 the MoH awarded 137 tenders valued at $298.1 million (BHD 112.4 million) — a near threefold increase in value.
This surge in spending is attributed to the Bahrain's robust and rapid COVID-19 response in many fronts, including a track and trace app, extensive testing, vaccinations, hospital robots, car park conversions to hospitals and more.
The positive figures follow closely on from the release of equally encouraging data highlights a record number of tenders awarded to the SME sector during 2020 worth a total of $145.4 million (BHD 54.96 million), indicative of government support for a sector that it regards as the engine for post-COVID economic recovery.
Commenting on the new figures, Tender Board Chairman Sheikh Nayef Bin Khalid Al Khalifa said: "2020 has proven one of the most challenging and unpredictable years globally for businesses in all sectors across the board. Despite these less than friendly conditions, throughout the year, Bahrain has awarded an impressive 1,688 contracts valued at well over $4 billion.
"This dynamic performance is indicative of Bahrain's commitment and ability to remain open for business even in times of crisis. The Kingdom's extensive, multi-billion dollar pipeline of infrastructure projects is a case in point, and has driven the consistently high value of contracts in the our thriving construction and engineering sector throughout the year."
As for the purchasing authorities, Tatweer Petroleum topped the list for highest total value of tenders issued, worth a combined $1.5 billion (BHD 555.5 million). Gulf Air followed close behind, awarding some $635 million (BHD 239.4 million) of tenders, followed by the Electricity & Water Authority; the Ministry of Works, Municipalities Affairs & Urban Planning; and the Ministry of Health, which awarded a combined $509.2 million (BHD 192 million), $329.4 million (BHD 124.2 million) and $298.1 million (BHD 112.4 million) of contracts respectively. — SG


Clic here to read the story from its source.