Bahrain Railways Tenders and Bids

Get access to latest Bahrain railway tenders, rolling stocks tenders and bids. Find business opportunities and government contracts for Bahrain railway tenders, Bahrain signaling tenders, Bahrain locomotive tenders, Bahrain rolling stock tenders, rail brake tenders, rail car tenders, Bahrain freight wagon tenders, Bahrain track construction tenders, track maintenance tenders, Bahrain rail road tenders, Bahrain rail construction tenders. Find Bahrain rail tenders, bids, procurement, RFPs, RFQs, ICBs. Search for Bahrain rail tenders online. 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. Rail transport is a means of transferring passengers and goods on wheeled vehicles running on rails, which are located on tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on sleepers (ties) set in ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower frictional resistance than rubber-tired road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer facilities. Power is provided by locomotives which either draw electric power from a railway electrification system or produce their own power, usually by diesel engines or, historically, steam engines. Most tracks are accompanied by a signalling system. Railways are a safe land transport system when compared to other forms of transport.[a] Railway transport is capable of high levels of passenger and cargo utilisation and energy efficiency, but is often less flexible and more capital-intensive than road transport, when lower traffic levels are considered.