Only the value of Iraqi projects planned and under way grew at more than than 1 per cent. The Qatari and UAE markets lost 0.6 and 0.1 per cent respectively on the value of their projects. The index is down 9.2 per cent on the previous year overall and down 13.7 per cent in the GCC. The value of projects on hold in the region rose significantly from $615 trillion to $621.5 trillion this week.

Value of projects planned or under way in the Gulf
  Value of projects planned and under way on 15 February 2010 ($m) Value of projects planned and under way on 8 February 2010 ($m) % change on week Value of projects planned and under way on 15 February  2009($m) % change on year Value of on hold projects on 15 February 2010 ($m)
Bahrain 68,502 67,447 0.1% 68,337 0.2% 13,113
Kuwait 268,745 268,145 0.2% 308,139 -12.8% 45,093
Oman 106,022 105,362 0.6% 108,773 -2.5% 6,560
Qatar 220,315 221,710 -0.6% 223,494 -1.4% 9,837
Saudi Arabia 653,641 653,777 0.0% 629,174 3.9% 53,008
UAE 963,420 965,605 -0.2% 1,304,942 -26.2% 468,132
GCC total 2,280,645 2,283,046 -0.1% 2,642,859 -13.7% 595,743
Iran 315,117 314,967 0.0% 293,875 7.2% 4,800
Iraq 210,486 207,386 1.5% 155,106 35.7% 21,000
Gulf total 2,806,248 2,805,399 0.0% 3,091,840 -9.2% 621,543