Bahrain and Iraq both witnessed large increases in deal volume. The total value of projects on hold is now over $652bn and the index is down 8 per cent on the previous year.

Value of projects planned or under way in the Gulf

  Value of projects planned and underway on 19 April 2010 ($m) Value of projects planned and underway on 12 April 2010 ($m) % Change on week Value of projectsplanned and underway on 19 April 2009 ($m) % Change on year Value of onhold projects on 14 April 2010 ($m)
Bahrain 69,690 66,009 5.6% 67,899 2.6% 15,543
Kuwait 273235 274195 -0.4% 311413 -12.3% 24813
Oman 102,868 102,906 0.0% 109,676 -6.2% 8,970
Qatar 221106 221126 0.0% 220939 0.1% 25046
Saudi Arabia 624,455 620,418 0.7% 646,006 -3.3% 72,037
UAE 957,988 960,307 -0.2% 1,318,833 -27.4% 485,891
GCC total 2,249,342 2,244,961 0.2% 2,674,766 -15.9% 626,769
Iran 335,042 335,042 0.0% 295,466 13.4% 4,800
Iraq 292,174 230,074 27.0% 155,825 87.5% 21,000
Gulf total 2,876,558 2,810,077 2.4% 3,126,057 -8.0% 652,569

Source: MEED Projects

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