Gulf projects 9 March 2009

11 March 2009
In the week ending 9 March, the MEED Projects index rose by 0.2 per cent for the second week in a row.

The Gulf markets experienced little change, with the overall value of projects planned or under way in the GCC falling by 0.1 per cent.

09 March 2009 ($m)02 March 2009 ($m)% change on week09 February 2008 ($m)% change on year
Bahrain68,33768,3370.035,40893.0
Kuwait308,607308,0660.2265,16116.4
Oman108,943108,8430.154,465100.0
Qatar223,624223,4940.1177,12526.3
Saudi Arabia631,946632,671-0.1452,25339.7
UAE1,303,4981,306,712-0.2738,88276.4
GCC total2,644,9552,648,123

-0.1

1,723,29453.5
Iran301,036294,1252.3188,95059.3
Iraq156,695155,1061.048,315224.3
Gulf total3,102,6863,097,3540.21,960,55958.3

It was Iran which saw the region’s most significant project portfolio expansion, recording a growth of 2.3 per cent.

This was followed by Iraq where the value of projects planned or under way grew by 1 per cent.

For further information on MEED Projects, please email helpdesk or call +971 (0) 4 367 1302.

MEED Projects, tracking thousands of projects, worth trillions of dollars, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. MEED Projects also provides analytical tools to enable subscribers to forecast growth within the region or specific industry and to monitor competitor activity.

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