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 ($m) | % change on week | Value of projects planned and under way on 15 February 2009($m) | % change on year | Value of on hold projects on 15 February 2010 ($m) | |
| Bahrain | 68,502 | 68,447 | 0.1% | 68337 | 0.2% | 13,113 |
| Kuwait | 268,745 | 268,145 | 0.2% | 308,139 | -12.8% | 45,093 |
| Oman | 106,022 | 105,362 | 0.6% | 108,773 | -2.5% | 6,560 |
| Qatar | 220,315 | 221,710 | -0.6% | 223,494 | -1.4% | 9,837 |
| Saudi Arabia | 653,641 | 653,777 | 0.0% | 629,174 | 3.9% | 53,008 |
| UAE | 963,420 | 965,605 | -0.2% | 1,304,942 | -26.2% | 468,132 |
| GCC total | 2,280,645 | 2,283,046 | -0.1% | 2,642,859 | -13.7% | 595,743 |
| Iran | 315,117 | 314,967 | 0.0% | 293,875 | 7.2% | 4,800 |
| Iraq | 210,486 | 207,386 | 1.5% | 155,106 | 35.7% | 21,000 |
| Gulf total | 2,806,248 | 2,805,399 | 0.0% | 3,091,840 | -9.2% | 621,543 |
| Source: MEED Projects | ||||||
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