Gulf Projects 14 April 2010: Index down 0.6 per cent

18 April 2010

The MEED Projects index fell 0.6 per cent in the week to 14 April.

Kuwait saw the greatest decline, losing 2.5 per cent on the value of projects planned or underway in the country. Only Bahrain increased its volume of current projects. The total value of projects on hold is now over $652bn and the index is down 9.7 per cent on the previous year.

Value of projects planned or under way in the Gulf
 Value of projects planned and under way on 14 April 2010 ($m)Value of projects planned and under way on 5 April 2010 ($m)% change on weekValue of projects planned and under way on 5 April 2009 ($m)% change on yearValue of on hold projects on 14 April 2010 ($m)
Bahrain66,00965,8740.2%67,899-2.8%15,543
Kuwait274,195281,143-2.5%308,726-11.2%24,813
Oman102,906102,8940.0%108,863-5.5%8,970
Qatar221,126221,613-0.2%221,289-0.1%25,046
Saudi Arabia620,418621,169-0.1%644,953-3.8%72,037
UAE960,307965,086-0.5%1,307,945-26.6%485,891
GCC total2,244,9612,257,779-0.6%2,659,675-15.6%626,769
Iran335,042335,442-0.1%295,46613.4%4,800
Iraq230,074229,0740.4%156,32547.2%21,000
Gulf total2,810,0772,822,295-0.4%3,111,466-9.7%652,569
Source: MEED Projects 

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