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 ($m) | % change on week | Value of projects planned and under way on 1 March 2009 ($m) | % change on year | Value of on hold projects on 1 March 2010 ($m) | |
| Bahrain | 68,502 | 68,502 | 0.0% | 68,337 | 0.2% | 13,113 |
| Kuwait | 268,825 | 268,905 | 0.0% | 308,066 | -12.7% | 45,093 |
| Oman | 106,194 | 107,154 | -0.9% | 108,843 | -2.4% | 6,770 |
| Qatar | 220,676 | 220,976 | -0.1% | 223,494 | -1.3% | 9,837 |
| Saudi Arabia | 645,455 | 646,555 | -0.2% | 632,671 | 2.0% | 54,809 |
| UAE | 965,502 | 964,302 | 0.1% | 1,306,712 | -26.1% | 467,631 |
| GCC total | 2,275,154 | 2,276,394 | -0.1% | 2,648,123 | -14.1% | 597,253 |
| Iran | 316,857 | 315,157 | 0.5% | 294,125 | 7.7% | 4,800 |
| Iraq | 226,576 | 226,486 | 0.0% | 155,106 | 46.1% | 21,000 |
| Gulf total | 2,818,587 | 2,818,037 | 0.0% | 3,097,354 | -9.0% | 623,053 |
| Source: MEED Projects | ||||||
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