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