BD3.75 billion worth tenders awarded in 2017

Bahrain saw strong growth in its tender opportunities in the past 12 months, according to the 2017 Annual Report released by the Tender Board.

The total number of opened tenders reached 1,091 in 2017, up by 9.2 per cent from the previous year. In response, 5,208 bids were submitted, to which 1,892 tenders worth BD3.75 billion in total value were awarded.

This was 156 per cent more in value than 2016. “We had a strong 2017 and we are expecting continued growth over the next 12 months.

Procurement laws are being updated to better suit current business needs and further improve an already highly transparent system,” said Basim Al Hamer, Minister of Housing and Chairman of the Tender Board.