KUWAIT CITY, April 9, (KUNA): Forty-three tenders worth KD 279.9 million (USD 915 million) have been awarded during the first quarter of 2017, the Central Tenders Committee (CTC) said on Sunday. The estimated value of the tenders was KD 339.5 million (USD 1.1 billion), while the saving rate hit KD 59.6 million (USD 195 million), the CTC added in a statistical report Sunday. Up to 24 meetings have been held during the first three months of the year to discuss measures for the offers, receiving applications, awarding tenders and other relevant steps.
Five tenders worth KD 171.2 million (USD 560 million) were awarded in the oil sector, compared to 38 ones for the government bodies worth KD 132.1 million (USD 431 million). The National Council for Culture, Letters and Arts (NCCAL) came first among the ministries and other government bodies in terms of the awarded tenders, with one worth KD 36.4 million (USD 119 million). The Ministry of Electricity and Water followed in the second place with five tenders worth KD 31.8 million (USD 103.9 million).
Then the Ministry of Public Works third with five tenders. As for the oil sector, the Kuwait Oil Company (KOC) was first regarding awarded tenders, with five worth KD 147.7 million (USD 483 million).