Gulf Projects 22 February 2010: Index rises by 0.4 per cent

24 February 2010

The MEED Projects index rose by 0.4 per cent in the week to 22 February.

Saudi Arabia was the only declining market across the region, losing 1.1 per cent on the value of projects planned and under way in the country. By contract, Oman’s project portfolio expanded by 1.1 per cent. The total value of projects on hold is almost $623bn and the index is down 8.9 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 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)
Bahrain68,50268,4470.1%683370.2%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
Source: MEED Projects 

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