
Bahrain has awarded a total of seven tenders worth US$1.69mn in October besides inviting bids for 13 tenders worth US$20.2mn for projects related to roads, sanitation and construction sectors. (Image source: Rory/Flickr)
The GCC projects market is expected to record at best US$120bn worth of contract awards in 2016, down by at least a third on 2015 levels and well below what was initially forecast, as low oil prices severely impact government expenditure, according to a new report