Page 60 - magazine Jun 2020

Gulf News

Bahrain Awards Tenders worth US$4.9

Billion in 2019

Bahrain awarded 1,730 tenders in 2019 worth a and the services sector, accounting for 15% of the
total of US$4.9 billion. awarded tenders worth US$113 million, and 11%
The construction and engineering services sector worth US$82 million, respectively.
took the lion’s share of the awarded tenders, with
45% worth US$2.2 billion. The oil and gas sector The results reaffirm Bahrain’s efforts to continue
placed second with tenders valued at US$1.2 public and private sector spending on major
billion or 24% of the total. The aviation sector infrastructure projects despite the exceptional
came third accounting for 13% of awarded tenders circumstances currently affecting the globe
valued at US$627 million. regarding the COVID-19 outbreak. The Kingdom’s
In the first quarter of 2020, Bahrain awarded US$32 billion infrastructure project pipeline
372 tenders worth a total of US$740 million, with is a major contributor and driver of national
the procurement of equipment and materials economic growth. Among the key projects
accounting for 30% of the awarded tenders currently underway is the Bahrain Petroleum
valued at US$233 million. The construction and Company (Bapco) refinery modernisation project
engineering services sector accounted for 26% of (now 40% complete), the US$1.1 billion Bahrain
tenders worth US$188.7 million, followed by the International Airport expansion project that will
aviation sector, which took 18% of the tenders contribute to doubling the airport’s capacity to 14
valued at US$132 million. The fourth and fifth million passengers annually, and the fleet upgrade
largest shares were taken by the oil and gas sector of Bahrain’s national carrier Gulf Air.

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