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 week | 09 February 2008 ($m) | % change on year | |
| Bahrain | 68,337 | 68,337 | 0.0 | 35,408 | 93.0 |
| Kuwait | 308,607 | 308,066 | 0.2 | 265,161 | 16.4 |
| Oman | 108,943 | 108,843 | 0.1 | 54,465 | 100.0 |
| Qatar | 223,624 | 223,494 | 0.1 | 177,125 | 26.3 |
| Saudi Arabia | 631,946 | 632,671 | -0.1 | 452,253 | 39.7 |
| UAE | 1,303,498 | 1,306,712 | -0.2 | 738,882 | 76.4 |
| GCC total | 2,644,955 | 2,648,123 | -0.1 | 1,723,294 | 53.5 |
| Iran | 301,036 | 294,125 | 2.3 | 188,950 | 59.3 |
| Iraq | 156,695 | 155,106 | 1.0 | 48,315 | 224.3 |
| Gulf total | 3,102,686 | 3,097,354 | 0.2 | 1,960,559 | 58.3 |
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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