The MEED Projects-CMI Index fell 4.4 per cent in the week to 18 August driven by a 12.4 per cent fall in the value of projects planned and under way in the UAE.

The value of projects in the rest of the region remained unchanged.

The value of projects on hold in Gulf reached $620bn, with the UAE accounting for more than $520bn of this.

The index is now up by only 3.3 per cent on the previous year.

Value of projects planned or under way in the Gulf 
  Value of projects planned or under way on 18 August 2009 ($m)   Value of projects planned or under way on 11 August 2009 ($m)   Change on week (%) Value of projects planned or under way on 18 August 2008 ($m)   Change on year (%)  Value of projects  on hold on 18 August 2009 ($m)  
Bahrain 60,906 60,906 0.0 40,048 52.1 5,953
Kuwait 266,994 266,994 0.0 295,253 -9.6 40,190
Oman 93,761 93,761 0.0 92,315 1.6 12,209
Qatar 212,240 212,240 0.0 210,614 0.8  8,025
Saudi Arabia 598,054 598,054 0.0 532,386 12.3  39,229
UAE 803,795 917,751 -12.4 934,632 -14.0  520,712
GCC total 2,035,750 2,149,706 -5.3  2,105,248 -3.3 626,318
Iran 307,853 307,853 0.0 237,384 29.7  3,100
Iraq 157,885 157,885 0.0 75,026 110.4  5,250
Gulf total 2,501,488 2,615,444 -4.4 2,417,658 3.5 634,668
Note: The Gulf index gives the total value of projects in the region over $50m, split by country and taken from the MEED Projects-CMI tracking database.
* Full details of all projects in the Gulf are available at http://www.meedprojects-cmi.com/
Source: MEED Projects-CMI  

For further information on MEED Projects-CMI, please email helpdesk or call +971 (0) 4 367 1302. View MEED Projects-CMI samples and other Gulf projects weekly index overviews (available to MEED.com registrants) atwww.meed.com/meed_projects.

MEED Projects-CMI, 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-CMI also provides analytical tools to enable subscribers to forecast growth within the region or specific industry and to monitor competitor activity. The full subscriber site is available atwww.meedprojects-cmi.com.