Gulf projects 02 February 2009

16 February 2009
The MEED index of projects planned or under way in the Middle East grew by 0.2 per cent in the week to 2 February.

There was no change to value of projects in Bahrain and Qatar.

Iraq's portfolio of projects grew at 1.1 per cent, the fastest rate in the region while in the GCC, Saudi Arabia recorded growth of 0.9 per cent.

The index is 58.7 per cent higher year on year.

02 February 2009 ($m)26 January 2009 ($m)% change on week02 February 2008 ($m)% change on year
Bahrain64,12764,1270.027,821130.5
Kuwait 306,320 306,660-0.1 273,95011.8
Oman 96,021 95,9210.1 52,11284.3
Qatar 220,671 220,6710.0 159,20738.6
Saudi Arabia 613,356 608,0830.9 400,13253.3
UAE 1214,308 1,214,3080.0 724,70767.6
GCC total 2,514,803 2,509,770

0.2

1,637,92953.5
Iran 291,325 291,3250.0 188,17554.8
Iraq 146,006 144,4061.1 33,615334.3
Gulf total 2,952,134 2,945,5010.2 1,859,71958.7

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