Oman's Tender Board awards down 39% in 2014

Awards for first nine months of the year down to $2.38bn from $3.9bn

Many of the major contracts awarded by Oman's Tender Board in the last year have been for road projects.
Many of the major contracts awarded by Oman's Tender Board in the last year have been for road projects.

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.

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