The MEED Projects index decreased by 0.5 per cent in the week to 5 April.
All GCC countries witnessed decreases in deal volume with the exception of Qatar. The total value of projects on hold is now over $652bn and the index is down 9.3 per cent on the previous year.
Value of projects planned or under way in the Gulf
Value of projects planned and under way on 5 April 2010 ($m) | Value of projects planned and under way on 29 March 2010 ($m) | % change on week | Value of projects planned and under way on 5 April 2009 ($m) | % change on year | Value of on hold projects on 5 April 2010 ($m) | |
Bahrain | 65,874 | 67,569 | -2.5% | 67,899 | -3.0% | 65,874 |
Kuwait | 281,143 | 289,532 | -2.9% | 308,726 | -8.9% | 24,813 |
Oman | 102,894 | 104,934 | -1.9% | 108,863 | -5.5% | 8,970 |
Qatar | 221,613 | 221,398 | 0.1% | 221,289 | 0.1% | 25,211 |
Saudi Arabia | 621,169 | 622,624 | -0.2% | 644,953 | -3.7% | 72,037 |
UAE | 965,086 | 966,764 | -0.2% | 1,307,945 | -26.2% | 480,195 |
GCC total | 2,257,779 | 2,272,821 | -0.7% | 2,659,675 | -15.1% | 626,769 |
Iran | 335,442 | 335,442 | 0.0% | 295,466 | 13.5% | 4,800 |
Iraq | 229,074 | 229,074 | 0.0% | 156,325 | 46.5% | 21,000 |
Gulf total | 2,822,295 | 2,835,201 | -0.5% | 3,111,466 | -9.3% | 652,569 |
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