The MEED Projects index fell by another 0.6 per cent to reach $2.94 trillion in the week to 26 January.
In the Gulf, only the Kuwaiti and Qatari markets continued to grow, albeit at a very modest rate of 0.2 per cent.
Oman’s portfolio of projects experienced the sharpest drop with a 6.6 decline in value.
Iran and Iraq outperformed the rest of the region with the value of projects planned or under way in the countries growing by 1.7 and 2.7 per cent respectively.
| 26 Jan 2009 ($m) | 19 Jan 2009 ($m) | % change on week | 26 Jan 2008 ($m) | % change on year | |
| Bahrain | 64,127 | 64,297 | -0.3 | 27,821 | 130.5 |
| Kuwait | 306,660 | 306,002 | 0.2 | 274,597 | 11.7 |
| Oman | 95,921 | 102,742 | -6.6 | 51,023 | 88.0 |
| Qatar | 220,671 | 220,273 | 0.2 | 156,192 | 41.3 |
| Saudi Arabia | 608,083 | 609,849 | -0.3 | 400,882 | 51.7 |
| UAE | 1,214,308 | 1,231,724 | -1.4 | 717,223 | 69.3 |
| GCC total | 2,509,770 | 2,534,887 | -1.0 | 1,627,738 | 54.2 |
| Iran | 291,325 | 286,355 | 1.7 | 151,685 | 92.1 |
| Iraq | 144,406 | 140,606 | 2.7 | 33,465 | 331.5 |
| Gulf total | 2,945,501 | 2,961,848 | -0.6 | 18,128,88 | 62.5 |
For further information visit www.meedprojects.com
MEED Projects, tracking over $2 trillion worth of projects, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. Monitor industry and business development opportunities through market data tailored to your needs.
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