Ministry of Works, Municipalities Affairs and Urban Planning (Municipalities Affairs), Bahrain announces the bid results for the project “Hamad Town traditional market project”
A total of three (3) bidders has submitted the proposals. Bahrain based real estate developer, “The Malls Real Estate Development” Company has submitted the lowest bid.
The Malls Real Estate Development Company submitted the price of BHD 2,258,822. Other bidders, who submitted the proposals includes Journey General Trading, Emaar Engineering.
Hamad Town Traditional Market Project:
Earlier during November 2019, the Ministry invites the bid for qualified contractors.
As per the tender notification, the successful contractor shall invest through the terms of the contract and at its own expense for the preparation of maps and engineering drawings and issuance of licenses and permits necessary in the investment of the project to develop a pioneer Traditional Market.
Ministry will be lease the land for a period of 35 years
Municipalities Affairs in return will receive during the contract period an amount of annual benefit for the site of the project.
Read Also: Bahrain awarded a contract of $222 million for exhibition Centre
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