All GCC countries witnessed decreases in deal volume with the notable exception of the UAE. The total value of projects on hold is more than $648bn and the index is down 6.3 per cent on the previous year.

Projects planned or under way in the Gulf ($m)

  26 April 2010 ($m) 19 April 2010 ($m) % change on week 26 April 2009 ($m) % change on year Value of on hold projects on 26 April 2010 ($m)
Bahrain 69,282 69,690 -0.6 67,899 2.0 15,680
Kuwait 273,085 273,235 0.1 313,361 -12.9% 24,963
Oman 99,968 102,868 -2.8 109,871 -9.0 11,870
Qatar 220,646 221,106 -0.2 218,996 0.8 25,176
Saudi Arabia 610,355 624,455 -2.3 647,036 -5.7 64,787
UAE 1,001,177 957,988 4.5 1,319,811 -24.1 481,195
GCC total 2,274,513 2,249,342 1.1 2,431,513 -6.5 623,671
Iran 364,310 335,042 8.7 294,566 23.7 4,800
Iraq 292,084 292,174 0.0 155,825 87.4 20,000
Gulf total 2,930,907 2,876,558 1.9 3,127,365 -6.3 648,471
Source: MEED Projects