6 Major Infrastructure Tenders Awarded
The Assistant Under-Secretary for Service, of the Municipality and Urban Planning Affairs, Mr. Ahmed Al Khayyat revealed that the ministry awarded six tenders worth BD2,893,470. In addition the ministry invited bids for 11 roads and sanitary and construction tenders worth BD4,020,108 during April of this year. To read more click here.
$30m Marriott Residence Inn project in the Water Garden City Seef signed
The 22 floor residential building is the first of its kind in the Water Garden City but the third for Marriott, signed between International Trading and Investment Company and the American hospitality company Marriott International. To read more click here.
GPIC profit increases to $190.2m due to record levels of production
GPIC (Gulf Petrochemical Industries Company), based in Bahrain has seen a 2.25% increase in the companies net profit compared with 2013. The company uses natural gas to produce ammonia, urea and methanol and produced 400,000 more tonnes in 2014 than in 2013 directly leading to the increase in profits. To read more click here. […]
FEASIBILITY STUDIES FOR BAHRAIN INTEGRATED TRANSIT LINES
Invitation for the pre-qualification to submit a tender for the above project can be found here.
RAIL LINK WORK TO START SOON
Bahrain’s first rail line, connecting Bahrain Mall with Bahrain’s International Airport, could be underway by the end of next year. To read more click here.
Bahrain to remain a key center of Islamic finance
Dr. Ahmed Al Mutawa, Chairman of Gulf Finance House (GFH), told Euromoney on Wednesday, “……Bahrain hosts over 30 Islamic Institutions, who continue to reside here due to the supportive and developed regulatory framework fostered by the CBB,” he added. It is expected that as Bahrain is one of the historical centers of Islamic finance, it […]
Bahrain refinery expansion project ‘to cost $5 billion’
Bahrain’s Sitra crude oil refinery expansion is expected to cost around $5 billion with the completion by 2019, the energy minister said yesterday. He went on to say ‘The increase in capacity according to the current plan is from 260,000 barrels per day to 360,000 and it will be commissioned by 2019. Financing will be […]
BBK keen on buying Islamic banks
MANAMA: BBK bank’s chairman Murad Ali Murad has said that the bank will consider the acquisition of any Islamic bank provided they offer a feasible business proposition. To read more click here.
Designs for mega medical city in Bahrain by December
The King Abdullah Medical City project, will be built on a 1-million-sq-m plot of land and will be run by the Arabian Gulf University (AGU) and designed by SaudConsult, following an agreement signed last December. The development will provide 264 beds, four centres of excellence and research, a college of medicine and student dormitories, as […]
$22bn of Bahraini projects in pipeline, gov’t announces
It has been announced by the Bahrain Government that there is an estimated $22 billion worth of new projects commencing or already underway in the country. For more information click here.
