Invest in future : GSA launches tender for investment in Manama Sports Club building

TDT | Manama

The Daily Tribune - www.newsofbahrain.com

Email: anchalo@newsofbahrain.com

The General Sports Authority (GSA) has announced a new tender for the investment of the Manama Sports Club building. The tender aims to attract private sector investors to contribute to public development projects and generate new financial resources for sports clubs. The GSA hopes this initiative will enable sports clubs to meet their growing needs and implement activities more effectively. The tender specifies a fiveyear contract duration, allowing investors to propose multiple investment options. A BD1,000 initial guarantee has been set to ensure the seriousness of submitted bids.

Deadline

the Bahrain Tender Board, will be published on Wednesday, September 11, 2024. The deadline for purchasing tender documents is Sunday, September 22, 2024. Bids must be submitted by Wednesday, September 25, 2024, with the opening of bids scheduled for the following day. Interested investors are encouraged to purchase tender documents electronically through the electronic tender system of the Tender Board.

Initial guarantee 

The GSA emphasises the importance of providing the initial guarantee according to the conditions outlined in the tender documents. This opportunity is subject to the provisions of Decree-Law No. (36) of 2002 concerning the regulation of tenders, auctions, government purchases, and sales, and its amendments. Micro, small, and medium-sized enterprises (MSMEs) will receive a 10% preference during the financial evaluation stage, encouraging their participation in government projects.