Gulf Projects 1 March 2010: Index down 0.1 per cent

02 March 2010

The MEED Projects index decreased by 0.1 per cent in the week to 1 March.

Oman witnessed the greatest decline, losing 0.9 per cent on the value of projects planned and under way in the country. Only the UAE increased its volume of current projects. The total value of projects on hold is now over $623bn and the index is down 9 per cent on the previous year.

 

Value of projects planned or under way in the Gulf
 Value of projects planned and under way on 1 March 2010 ($m)Value of projects planned and under way on 22 February 2010 ($m)% change on weekValue of projects planned and under way on 1 March 2009 ($m)% change on yearValue of on hold projects on 1 March 2010 ($m)
Bahrain68,50268,5020.0%68,3370.2%13,113
Kuwait268,825268,9050.0%308,066-12.7%45,093
Oman106,194107,154-0.9%108,843-2.4%6,770
Qatar220,676220,976-0.1%223,494-1.3%9,837
Saudi Arabia645,455646,555-0.2%632,6712.0%54,809
UAE965,502964,3020.1%1,306,712-26.1%467,631
GCC total2,275,1542,276,394-0.1%2,648,123-14.1%597,253
Iran316,857315,1570.5%294,1257.7%4,800
Iraq226,576226,4860.0%155,10646.1%21,000
Gulf total2,818,5872,818,0370.0%3,097,354-9.0%623,053
Source: MEED Projects 

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