For the second consecutive week, the UAE was the only market to record a change in the value of projects planned or under way.
The country’s portfolio of projects expanded by 14.2 per cent in the week to 28 August, resulting in a 14.2 per cent rise in the MEED Projects-CMI Index.
The rest of the countries in the region experienced no change, reflecting the summer slowdown and the start of Ramadan.
The index is up by 7.1 per cent on the previous year.
| Value of projects planned or under way in the Gulf | ||||||
|---|---|---|---|---|---|---|
| Value of projects planned or under way on 24 August 2009 ($m) | Value of projects planned or under way on 18 August 2009 ($m) | Change on week (%) | Value of projects planned or under way on 24 August 2008 ($m) | Change on year (%) | Value of projects on hold on 24 August 2009 ($m) | |
| Bahrain | 60,906 | 60,906 | 0.0 | 46,713 | 30.4 | 5,953 |
| Kuwait | 266,994 | 266,994 | 0.0 | 295,249 | -9.6 | 40,190 |
| Oman | 93,761 | 93,761 | 0.0 | 91,681 | 2.3 | 12,209 |
| Qatar | 212,240 | 212,240 | 0.0 | 211,079 | 0.6 | 8,025 |
| Saudi Arabia | 598,054 | 598,054 | 0.0 | 532,732 | 12.3 | 39,229 |
| UAE | 917,751 | 803,795 | 14.2 | 951,845 | -3.6 | 406,756 |
| GCC total | 2,149,706 | 2,035,750 | 5.6 | 2,129,299 | 1.0 | 512,362 |
| Iran | 307,853 | 307,853 | 0.0 | 238,222 | 29.2 | 3,100 |
| Iraq | 157,885 | 157,885 | 0.0 | 75,026 | 110.4 | 5,250 |
| Gulf total | 2,615,444 | 2,501,488 | 4.6 | 2,442,547 | 7.1 | 520,712 |
| Note: The Gulf index gives the total value of projects in the region over $50m, split by country and taken from the MEED Projects-CMI tracking database. | ||||||
| * Full details of all projects in the Gulf are available at http://www.meedprojects-cmi.com/ | ||||||
| Source: MEED Projects-CMI | ||||||
For further information on MEED Projects-CMI, please email helpdesk or call +971 (0) 4 367 1302. View MEED Projects-CMI samples and other Gulf projects weekly index overviews (available to MEED.com registrants) atwww.meed.com/meed_projects.
MEED Projects-CMI, tracking thousands of projects, worth trillions of dollars, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. MEED Projects-CMI also provides analytical tools to enable subscribers to forecast growth within the region or specific industry and to monitor competitor activity. The full subscriber site is available atwww.meedprojects-cmi.com.
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