Bahrain Infrastructure and Construction Tenders and Bids

Get access to latest Bahrain infrastructure construction tenders and bids. Find business opportunities and government contracts for Bahrain infrastructure and construction tenders, Bahrain municipal construction tenders, Bahrain local construction tenders, Bahrain civil construction tenders, civil infrastructure tenders, Bahrain global construction tenders, online construction tenders, Bahrain building construction tenders. Find Bahrain infrastructure construction bids, tenders, procurement, RFPs, RFQs, ICBs. The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials. According to the 2020 Index of Economic Freedom, Bahrain has the fourth freest economy in the Middle East and North Africa region and is the 63rd freest economy in the world. An alternative index, published by the Fraser Institute, puts Bahrain in 70th place. Bahrain was recognised by the World Bank as a high income economy. Construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction industry contributes significantly to many countries’ gross domestic products (GDP). Global expenditure on construction activities was about $4 trillion in 2012. Today, expenditure on the construction industry exceeds $11 trillion a year, equivalent to about 13 percent of global GDP. This spending was forecast to rise to around $14.8 trillion in 2030. Broadly, there are three sectors of construction: buildings, infrastructure and industrial Building construction is usually further divided into residential and non-residential. Infrastructure, also called heavy civil or heavy engineering, includes large public works, dams, bridges, highways, railways, water or wastewater and utility distribution. Industrial construction includes offshore construction (mainly of energy installations), mining and quarrying, refineries, chemical processing, power generation, mills and manufacturing plants. Infrastructure is the set of fundamental facilities and systems that support the sustainable functionality of households and firms. Serving a country, city, or other area, including the services and facilities necessary for its economy to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications. In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment. internal facilities of a country that make business activity possible, such as communication, transportation and distribution networks, financial institutions and markets, and energy supply systems".