The General Sports Authority (GSA) has announced a new tender for the investment of the Manama Sports Club building, aiming 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 five-year contract duration, allowing investors to propose multiple investment options. A BD1,000 initial guarantee has been set to ensure the seriousness of submitted bids. The deadline for purchasing tender documents is Sunday, September 22, 2024, with bids due by Wednesday, September 25, 2024.
Interested investors are encouraged to purchase tender documents electronically through the electronic tender system of the Tender Board. 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.
The deadline for the submission of bids, as set by the Bahrain Tender Board, is Wednesday, September 11, 2024. The opening of bids is scheduled for the following day. With a focus on increasing private sector participation in public development projects, the GSA aims to create opportunities for investors to contribute to the growth and sustainability of sports clubs. By attracting private investments, the GSA hopes to ensure that sports clubs have the necessary resources to meet their operational needs and provide quality services to the community.
The new tender for the Manama Sports Club building presents a strategic opportunity for private investors to engage in public development projects and contribute to the enhancement of sports facilities in Bahrain. With a five-year contract duration, investors have the flexibility to propose various investment options that align with their business goals and objectives. The initial guarantee requirement of BD1,000 ensures that only serious bids are submitted, reflecting the GSA’s commitment to selecting qualified investors to partner with.
The GSA’s emphasis on providing opportunities for micro, small, and medium-sized enterprises to participate in government projects through a 10% preference during the financial evaluation stage demonstrates a commitment to fostering inclusivity and diversity in the bidding process. By encouraging the participation of MSMEs, the GSA is creating a more level playing field for all investors, regardless of size. This approach not only benefits small businesses but also contributes to the overall economic development of the country by promoting entrepreneurship and innovation in the sports sector.
In conclusion, the new tender for the Manama Sports Club building offers a unique opportunity for private sector investors to contribute to public development projects and support the growth of sports clubs in Bahrain. With a focus on increasing private sector participation, the GSA aims to create a more sustainable and efficient sports infrastructure that meets the needs of the community. By providing a platform for investors to propose investment options and demonstrating a commitment to inclusivity through the preference for MSMEs, the GSA is paving the way for a more diverse and dynamic sports sector in Bahrain. Interested investors are encouraged to participate in the tender process and make a positive impact on the future of sports in the country.
