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Bahrain awarded $1.6 billion worth of tenders in Q1 2021

Bahrain awarded US$1.6 billion (BD607 million) worth of Government contracts in the first quarter of 2021, according to new data released by Bahrain’s Tender Board – the country’s government procurement regulator. In total, the value of the awarded tenders grew by 23% from US$1.3 billion (BD 492 million) in the first quarter of 2020 which reflects the increased economic activity in the Kingdom.
 
Bahrain awarded $1.6 billion worth of tenders in Q1 2021

The growth was partly driven by projects linked to Bahrain’s $32 billion infrastructure spend – which includes strategic infrastructure projects such as the multi-billion dollar refinery modernization project, which is 70% complete and due to finish by the end of 2022. 
 
In terms of value, the oil was the largest sector with $767 million (BD289 million) worth of contracts in Q1 2021, followed by the aviation sector, with contracts valued at $382 million (BD144 million). While the construction and engineering consultancy sector has generated $194 million (BD73 million) worth of contracts so far this year; with the materials & equipment receiving contracts worth $119 million (BD45 million). 
 
Commenting on the new figures, the Chairman of the Tender Board, Shaikh Nayef bin Khalid Al Khalifa said, “The volume of economic activity, with 25% more tenders awarded in the first quarter of this year compared to last year, demonstrates the strength of the economy and the size of the opportunity for businesses that are looking to partner with Bahrain. Improvements made to our e-tendering system over the last year are just part of a wider digitalization drive that is realizing greater efficiencies, benefiting the private sector and taking full advantage of Bahrain’s advanced digital infrastructure. The number of robust and successful procurement processes that took place in Q1 is a testament to our unique ‘Team Bahrain’ approach that sees the government and the private sector work hand in hand to deliver strong results across the board.”
 
In terms of the purchasing authorities, Tatweer Petroleum was the biggest spender, awarding $509 million (BD192 million) worth of contracts, followed by Gulf Air which reached $369 million (BD139 million). Bapco placed third with tenders worth $257 million (BD97 million), followed by the Ministry of Works, Municipalities Affairs at $224 million (BD84.5 million) and the Ministry of Health reaching $75.6 million (BD28.5 million).
Bahrain awarded $1.6 billion worth of tenders in Q1 2021 Reviewed by Editor on May 24, 2021 Rating: 5
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