All GCC countries except Bahrain saw current deal volume decline or remain unchanged on the previous week. Iran witnessed the greatest increase. The total value of projects on hold is now nearly $637bn and the index is down 9.8 per cent on the previous year.

Value of projects planned or under way in the Gulf
  Value of projects planned and under way on 15 March 2010 ($m) Value of projects planned and under way on 8 March 2010 ($m) % change on week Value of projects planned and under way on 15 March 2009 ($m) % change on year Value of on hold projects on 8 March 2010 ($m)
Bahrain 68,651 68,402 0.4% 68,337 0.5% 13,213
Kuwait 268,842 269,040 -0.1% 308,802 -12.9% 45,093
Oman 106,064 106,064 0.0% 108,943 -2.6% 6,770
Qatar 219,601 220,544 -0.4% 222,559 -1.3% 20,937
Saudi Arabia 643,788 644,108 0.0% 641,171 0.4% 55,369
UAE 956,716 963,583 -0.7% 1,307,868 -26.8% 469,781
GCC total 2,263,662 2,271,741 -0.4% 2,657,680 -14.8% 611,163
Iran 318,542 316,857 0.5% 301,036 5.8% 4,800
Iraq 228,076 227,776 0.1% 156,695 45.6% 21,000
Gulf total 2,810,280 2,816,374 -0.2% 3,115,411 -9.8% 636,963
Source: MEED Projects