Page 10 - index
P. 10
SATURDAY, DECEMBER 14, 2024
10
Fuel station in Arad, road
in Salmaniya and more
Tender Board Opens Bids for Multiple Infrastructure and Public Service Projects
• A long-term lease
for land in Arad, which
will be developed into
a multi-use project KNOW WHAT
that includes a fuel
station and commercial
rental units An interesting fact
• Property for lease about tenders is that
the global public
in the Qafol area procurement market,
which includes ten-
• Repaving and ders for government
development of Road projects, is estimated
2904 in Salmaniya to be worth around
$9.5 trillion annually,
making it one of the
H Naser
TDT | Manama largest sectors in the
world. This market
encompasses a wide
he Bahrain Tender Board
has recently opened bids range of industries,
Tfor a series of major pro- from construction and
jects across various sectors, re- infrastructure to tech-
flecting the Kingdom's ongoing nology and services.
commitment to infrastructure
development and public service
enhancement. Representative picture for the modification of mechan-
ical dampeners for exhaust and
Arad Edamah. The single bid received Infrastructure projects four tenders for its central ware- hensive register of all systems pressure fans, receiving a single
One of the standout tenders came from Zoom Real Estate Further infrastructure pro- houses. These include the sup- and applications. RMSI Bahrain bid of approximately BD 60,000.
involves a long-term lease for and Advertising, amounting to jects include the repaving and ply of electrical meters (lowest submitted the lowest bid of BD
land in Arad, which will be de- BD 1,831,000. development of Road 2904 in bid: BD 200,000), carbon dioxide 398,000 for the project. Bapco
veloped into a multi-use project Salmaniya. This project includes for the Ras Abu Jarjur power Lastly, Bapco opened a ten-
that includes a fuel station and Education the installation of storm drain- plant (lowest bid: BD 22,000), Exhibition World der for repair services of un -
commercial rental units. This In the education sector, the age, underground channels, im- water distribution valves (lowest Another tender for security derground tanks, with Bahrain
project, backed by the Bahrain Ministry of Education has proved lighting, and signage. bid: BD 40,000), and 150- and services at the Exhibition World Specialised Technical Services
Real Estate Investment Com- opened a tender for the main- Taylos Construction submitted 200-watt lighting (lowest bid: Bahrain attracted nine bids. The submitting the lowest bid of BD
pany (Edamah), received a sole tenance and repair of 25 central the lowest bid of BD 446,000. BD 106,000). lowest bid for the supply and 25,626,000.
bid of BD 4,400,000 from Ali and printing machines used for pro- installation of air conditioners These tenders demonstrate
Mohammed Yateem Brothers. ducing over 10 million copies Technology at the Al Riffa Power Plant was Bahrain's continuous push
In addition to the Arad devel- annually for internal examina- EWA In the field of technology, the approximately BD 148,000. towards improving its infra -
opment, another notable ten- tions. Canar Trading submitted The Electricity and Water Au- Information and eGovernment structure, enhancing public
der was for leasing property in the lowest bid of BD 46,000 for thority (EWA) is also progressing Authority (iGA) opened a tender Gulf Air services, and driving economic
the Qafol area, also owned by the project. with various projects, opening for the creation of a compre - Gulf Air also issued a tender growth.
Lawmaker proposes law for continued
retirement contributions after service
H Naser Mubarak’s proposal introduces
TDT | Manama
a new clause stating that if an
P Basma Mubarak has pro-
Mposed a new law that would employee leaves service and is
allow government employees to
voluntarily continue contrib- not entitled to a pension under
uting to the retirement system
after they leave service, even if existing retirement or insurance
they only worked for one year.
Currently, the law stops retire- laws, they can still choose to
ment benefits and deductions
when an employee’s service remain in the retirement system
ends, unless specified otherwise.
Mubarak’s proposal introduc- would count towards their to- least one year of service. Op -
es a new clause stating that if an tal service years for retirement, tional insurance gives employees
employee leaves service and is following procedures set by the the chance to keep contributing,
not entitled to a pension under ministry. ensuring continuous revenue for
existing retirement or insurance In an interview with the Daily the retirement fund. It also sup-
laws, they can still choose to Tribune, MP Mubarak explained ports employees in transitioning
remain in the retirement sys- the rationale behind the propos- between the public and private
tem, as long as they have at least al: “This draft law expands the sectors, ensuring their insurance
one year of actual service. To before their retirement benefits to pay all outstanding contri- ernment’s share, excluding the option of voluntary insurance. coverage remains intact without
do so, they must apply within are settled. butions, matching both their work injury insurance. Their Previously, mandatory insur- delays or losing valuable service
one year of their service ending, The employee would need own contribution and the gov- additional contribution period ance participation required at years.”