The MEED Projects index decreased by 0.1 per cent in the week to 8 March.
All GCC countries except Kuwait saw a decline in current deal volume on the previous week. Iraq witnessed the greatest increase. The total value of projects on hold is now nearly $626bn and the index is down 9.2 per cent on the previous year.
| Value of projects planned or under way in the Gulf | ||||||
|---|---|---|---|---|---|---|
| Value of projects planned and under way on 1 March 2010 ($m) | Value of projects planned and under way on 22 February 2010 ($m) | % change on week | Value of projects planned and under way on 1 March 2009 ($m) | % change on year | Value of on hold projects on 1 March 2010 ($m) | |
| Bahrain | 68,502 | 68,502 | 0.0% | 68,337 | 0.2% | 13,113 |
| Kuwait | 268,825 | 268,905 | 0.0% | 308,066 | -12.7% | 45,093 |
| Oman | 106,194 | 107,154 | -0.9% | 108,843 | -2.4% | 6,770 |
| Qatar | 220,676 | 220,976 | -0.1% | 223,494 | -1.3% | 9,837 |
| Saudi Arabia | 645,455 | 646,555 | -0.2% | 632,671 | 2.0% | 54,809 |
| UAE | 965,502 | 964,302 | 0.1% | 1,306,712 | -26.1% | 467,631 |
| GCC total | 2,275,154 | 2,276,394 | -0.1% | 2,648,123 | -14.1% | 597,253 |
| Iran | 316,857 | 315,157 | 0.5% | 294,125 | 7.7% | 4,800 |
| Iraq | 226,576 | 226,486 | 0.0% | 155,106 | 46.1% | 21,000 |
| Gulf total | 2,818,587 | 2,818,037 | 0.0% | 3,097,354 | -9.0% | 623,053 |
| Source: MEED Projects | ||||||
You might also like...
UAE builds its downstream and chemicals potential
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
Bahrain mall to install solar carport
24 April 2024
Aramco extends Karan field bid deadline
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
