Gulf projects 19 January 2009

21 January 2009

The MEED Projects index tumbled by a further 0.4 per cent to $2.96 trillion in the week ending 19 January as the region continues to feel the effect of the global economic downturn.

Saudi Arabia and Oman lost 1.7 per cent and 1.6 per cent of the value of their portfolio of projects planned or under way respectively.

Only Qatar experienced an increase in the value of its projects, which rose by 0.5 per cent. The index is up by 65.5 per cent on the previous year.

19 Jan 2009 ($m)

12 Jan 2009 ($m)% change on week19 Jan 2008 ($m)% change on year
Kuwait 306,002 306,382-0.1274,59711.4
Oman 102,742 104,387-1.651,023101.4
Qatar 220,273 219,2430.5158,34739.1
Saudi Arabia 609,849 620,420-1.7400,95252.1
UAE 1,231,724 1231,3760.0714,94072.3
GCC total 2,534,887 2,546,125-0.41,627,68055.7
Iran 286,355 286,3550.0142,800100.5
Iraq 140,606 140,6060.033,450320.3
Gulf total2,961,848 2,973,086-0.41,803,93064.2

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