The MEED Projects index fell 0.2 per cent in the week to 30 March.
Saudi Arabia saw the greatest decline, losing 2.9 per cent on the value of projects planned or underway in the country. Only Iraq increased its volume of current projects. The total value of projects on hold is now over $647bn and the index is down 9.3 per cent on the previous year.
| Value of projects planned or under way in the Gulf | ||||||
|---|---|---|---|---|---|---|
| Bahrain | 67,569 | 67,682 | -0.2% | 68,049 | -0.7% | 14,043 |
| Kuwait | 289,532 | 289,482 | 0.0% | 308,482 | -6.1% | 24,813 |
| Oman | 104,934 | 105,214 | -0.3% | 108,943 | -3.7% | 6,970 |
| Saudi Arabia | 622,624 | 641,149 | -2.9% | 644,841 | -3.4% | 71,537 |
| UAE | 966,764 | 966,764 | 0.0% | 1,309,393 | -26.2% | 479,000 |
| GCC total | 2,272,821 | 2,293,689 | -0.9% | 2,662,377 | -14.6% | 621,574 |
| Iran | 335,442 | 335,392 | 0.0% | 306,436 | 9.5% | 4,800 |
| Iraq | 229,074 | 228,076 | 0.4% | 156,695 | 46.2% | 21,000 |
| Gulf total | 2,835,201 | 2,857,157 | -0.8% | 3,125,508 | -9.3% | 647,374 |
| Source: MEED Projects | ||||||
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