Eskan Bank received 19 bids for the second phase of construction regarding three community projects in Madinat Salman. The tenders, submitted by various contractors, cover the development of infrastructure and facilities within the area. Financial proposals for the project range from BD2.31 million to BD3.38 million, which equates to $6.14 million to $8.98 million. Eskan Bank is currently evaluating these submissions to determine the successful bidder for the next stage of development.
Scope of Community Development
Plans for the Madinat Salman development encompass the construction of a central market, a supermarket, and a dedicated sports facility. These amenities aim to provide essential commercial and recreational services to the residents of the area.
The proposed supermarket is designed to occupy a gross built-up area of approximately 3,535 square meters. This space serves as a primary hub for retail activities within the community project.
The sports facility features two football pitches alongside two drive-through buildings. These components form part of the infrastructure expansion currently under review by Eskan Bank. Developers submitted these designs as part of the broader tender process for the second phase of the Madinat Salman initiative. The bank continues its assessment of these technical specifications to ensure the facilities meet the requirements for the site.
Breakdown of Submitted Bids
Saraya Contractors Company submitted the lowest tender for the Madinat Salman community projects with a bid of BD2.31 million. Saleh Abdulla Kameshki & Sons provided the highest financial proposal among the 19 entries, offering a bid of BD3.37 million for the infrastructure and facilities contract.
Iacovou Construction (Bahrain) recorded a submission of BD2.578 million for its portion of the development project. Dar Al Khaleej Trading & Contracting presented a bid of BD2.498 million to Eskan Bank for the same phase of work. These figures represent the range of costs provided by contractors as Eskan Bank conducts its formal evaluation of the project proposals. The bank is reviewing all submissions to finalize the selection process for the second phase of the Madinat Salman initiative.
Additional Contractor Bid Details
AlMoayyed Contracting submitted a bid of BD2.98 million to Eskan Bank for the second phase of the Madinat Salman community projects. This financial proposal remains under active consideration by the bank as part of the broader evaluation process for the development.
Al Namal Contracting and Trading also participated in the tender process, offering a bid of BD3.3 million for the scope of work. Eskan Bank is currently reviewing this submission alongside the other entries to determine the successful contractor for the infrastructure and facilities. These figures contribute to the overall range of project costs currently being assessed by the bank. Each proposal is subject to a formal evaluation to ensure all technical and financial specifications align with the requirements for the Madinat Salman initiative. The bank maintains its review schedule for all 19 submitted tenders to finalize the selection of the construction partner for the upcoming phase of development.