Gulf projects 16 March 2009

17 March 2009
The MEED Projects index reached $3.12 trillion in the week to 16 March, an increase of 0.4 per cent on the previous week.

The growth was driven by a 1.5 per cent rise in the value of projects planned or under way in Saudi Arabia.

There was no change to the size of project portfolios in Bahrain, Oman, Iran and Iraq. The value of Qatari projects fell by 0.5 per cent.

16 March 2009 ($m) 02 March 2009 ($m)% change on week16 March 2008 ($m)% change on year
Bahrain68,33768,3370.036,07789.4
Kuwait308,802308,6070.1265,37216.4
Oman108,943108,9430.055,39596.7
Qatar222,559223,624-0.5181,35022.7
Saudi Arabia641,171631,9461.5453,97341.2
UAE1,307,8681,303,4980.3770,88769.7
GCC total2,657,6802,644,955

0.5

1,763,05450.7
Iran301,036301,0360.0192,06056.7
Iraq156,695156,6950.048,845220.8
Gulf total3,115,4113,102,6860.42,003,95955.5

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