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 ($m) | % change on week | Value of projects planned and under way on 5 April 2009 ($m) | % change on year | Value of on hold projects on 14 April 2010 ($m) | |
Bahrain | 66,009 | 65,874 | 0.2% | 67,899 | -2.8% | 15,543 |
Kuwait | 274,195 | 281,143 | -2.5% | 308,726 | -11.2% | 24,813 |
Oman | 102,906 | 102,894 | 0.0% | 108,863 | -5.5% | 8,970 |
Qatar | 221,126 | 221,613 | -0.2% | 221,289 | -0.1% | 25,046 |
Saudi Arabia | 620,418 | 621,169 | -0.1% | 644,953 | -3.8% | 72,037 |
UAE | 960,307 | 965,086 | -0.5% | 1,307,945 | -26.6% | 485,891 |
GCC total | 2,244,961 | 2,257,779 | -0.6% | 2,659,675 | -15.6% | 626,769 |
Iran | 335,042 | 335,442 | -0.1% | 295,466 | 13.4% | 4,800 |
Iraq | 230,074 | 229,074 | 0.4% | 156,325 | 47.2% | 21,000 |
Gulf total | 2,810,077 | 2,822,295 | -0.4% | 3,111,466 | -9.7% | 652,569 |
Source: MEED Projects |
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