The growth in the value of projects planned or under way in Bahrain exceeded that in the rest of the region. The Qatari and UAE markets experienced the sharpest drop this week, falling by 1.3 per cent and 1.1 per cent respectively.

The value of on hold projects increased to $546bn.

For full details of the value of projects planned or under way in the Gulf, see attachment.

Note: The Gulf projects index gives the total value of projects in the region over $50m, split by country and taken from the MEED Projects-CMI project tracking database.