Oman was the only market to experience any growth in the size of its projects portfolio, with an increase of 0.2 per cent.

The remaining countries in the Gulf all recorded a fall in the value of projects planned or under way.

The global economic slowdown has resulted in a steady decline in the value of ongoing projects in the region, leaving the MEED Projects index only 3 per cent higher year on year.

For full details of the value of projects planned or under way in the Gulf, please see attached file on the right.

Note: The Gulf projects index gives the total value of projects in the region over $50m, split by country and taken from the MEED Projects project tracking database.