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PublicProcurementIceland Market

Geothermal dominance, volcanic terrain engineering, sustainable fisheries, and resilient transport systems strongly influence infrastructure decisions across this Nordic island economy.

View all tenders

Total Open Value

$3.4B

Open Tenders

137

New Open Tenders (24h)

0

Total Current Forecasts

107

Currently available

Total Tenders Added

925

8.1%2026 vs 2025

Total Awards

194

41.6%2026 vs 2025

Total Awarded Funds

$3.0B

39.2%2026 vs 2025

Average Award

$28.8M

25.1%2026 vs 2025

Iceland Geothermal Systems

National priorities heavily favor renewable heating networks, climate-adapted mobility, healthcare modernization, digital infrastructure, marine operations, and long-term resilience against harsh environmental conditions.

Top Sectors by Estimated Budget

Explore the most lucrative procurement categories over the past 12 months, ranked by the total estimated budget of available tenders.

Past 12 Months • USD

Top Sectors by Tender Volume

Discover which industries generated the highest number of public contract opportunities in Iceland over the last 12 months.

Past 12 Months
Construction work207

CPV 45000000

Medical equipments, pharmaceuticals and personal care products88

CPV 33000000

Sewage, refuse, cleaning and environmental services65

CPV 90000000

Architectural, construction, engineering and inspection services56

CPV 71000000

Transport equipment and auxiliary products to transportation52

CPV 34000000

Repair and maintenance services51

CPV 50000000

Electrical machinery, apparatus, equipment and consumables; lighting49

CPV 31000000

IT services: consulting, software development, Internet and support47

CPV 72000000

Transport services (excl. Waste transport)34

CPV 60000000

Laboratory, optical and precision equipments (excl. glasses)33

CPV 38000000