Gulf projects 26 January 2009

01 February 2009
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 week26 Jan 2008 ($m) % change on year
Kuwait 306,660 306,0020.2274,59711.7
Oman 95,921 102,742-6.651,02388.0
Qatar 220,671 220,2730.2156,19241.3
Saudi Arabia 608,083 609,849-0.3400,88251.7
UAE 1,214,308 1,231,724-1.4717,22369.3
GCC total 2,509,770 2,534,887-1.01,627,73854.2
Iran 291,325 286,3551.7151,68592.1
Iraq 144,406 140,6062.733,465331.5
Gulf total 2,945,5012,961,848-0.618,128,8862.5

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