Oman's Tender Board awards down 39% in 2014
Awards for first nine months of the year down to $2.38bn from $3.9bn
The total value of tenders awarded by Oman’s Tender Board has fallen by 38.6% in the first nine months of 2014 compared to the same period last year.
Oman awarded $2.38bn (OMR918.6mn) worth of projects in the first three quarters of this year, down from $3.9bn (OMR1.5bn) in 2013.
Last year, Oman awarded a number of contracts for major infrastructure works, which boosted the overall value of tenders. Among these were Packages 3 and 6 of Al Batinah coastal road project, worth a combined total of $1.34bn (OMR514.6mn).
This year has seen the finalisation of tenders for phase 2 of Bidbid-Sur Road linking Muscat and South Al Sharqiyah governorates, which was awarded in February, while in July tenders worth $371.1mn (OMR142.9mn) were awarded for the second package of South Al Batinah Expressway.
Other significant awards included a $109.1mn (OMR42mn) deal for the rehabilitation of Khasab-Taibat coastal road in Musandam Governorate and a $104.9mn (OMR40.4mn) contract for the construction of Mirbat-Taqa road in Dhofar.