Gulf Projects 15 February 2010: Index remained unchanged

21 February 2010

The MEED Projects index remained unchanged in the week to 15 February.

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 weekValue of projects planned and under way on 15 February  2009($m)% change on yearValue of on hold projects on 15 February 2010 ($m)
Bahrain68,50267,4470.1%68,3370.2%13,113
Kuwait268,745268,1450.2%308,139-12.8%45,093
Oman106,022105,3620.6%108,773-2.5%6,560
Qatar220,315221,710-0.6%223,494-1.4%9,837
Saudi Arabia653,641653,7770.0%629,1743.9%53,008
UAE963,420965,605-0.2%1,304,942-26.2%468,132
GCC total2,280,6452,283,046-0.1%2,642,859-13.7%595,743
Iran315,117314,9670.0%293,8757.2%4,800
Iraq210,486207,3861.5%155,10635.7%21,000
Gulf total2,806,2482,805,3990.0%3,091,840-9.2%621,543

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