01 February 2012

TENDERS for construction projects in Bahrain dropped by more than 80 per cent in 2011 as compared to the previous year, acording to a newspaper report.

This is forcing contracting companies to sign on to projects at cost price, the Akhbar Al Khaleej reported.

About 30 per cent of contracting companies are without any business at all, the newspaper said quoting sources in the Bahrain Contractors Society.

Many of them are either pulling out of business or are forced to shy away from their commitments, it said.

• Terex names Medco as new distributor
• Jacobs to support construction of $300m facility
• Qatar to award key World Cup contract
• WS Atkins wins $108m deal
• Update
• Bahrain to construct 4,100 housing units
• $292m projects in the pipeline
• Tenders ‘drop by 80 per cent’
• MWH Global to develop drain masterplan
• Qtel to develop ICT for Al Wa’ab City
• Bouygues plans Qatar JV
• KHC gets mega Riyadh project under way
• Oman sets up panel for GCC rail link
• UK firm secures several GCC jobs
• Saudi growth to continue
• Sigma Paints adds a splash of colours
• Doha Metro tenders to be issued in Q2

Tags

Regional News UAE Focus Events Diary Technical Focus Legally Bound Oman Review Buildex 2012 Ceilings, Floors and Partitions Ceramics and Sanitary Ware The Big 5 - Saudi Arabia MEP Services Roads and Bridges Tenders

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.