Kuwait Has 202 Billion Dollars Worth Of Market Projects, Ranking Fourth In The Gulf

21 February 2022 Business

Data from MEED Projects shows Kuwait's projects index fell by 0.49% between January 13 and February 11, from 203 billion dollars during the first month. This is down from 203 billion dollars during the previous month.

Kuwait is the fourth most valuable country in the Gulf after Saudi Arabia, which ranks first both regionally and in the Gulf after announcing projects worth 1.33 trillion dollars, with the UAE and Qatar coming in second and third with 633 billion dollars and 208 billion dollars respectively, says the Al-Anba daily.

Saudi Arabia, the UAE, Iraq, and Iran were ranked third and fourth in the region with projects worth $445 million and $247 million, respectively, while Bahrain ranked fifth and Kuwait sixth with projects worth $197 billion and $51 billion, respectively.

MEED noted that during the period covered by this report, the value of the Gulf Projects Index rose by 0.3% to almost stabilize at $3.31 trillion, while that of the GCC market index increased by 0.2% to remain at $2.62 trillion.

In the month ending on February 11, four out of the eight markets tracked by the index decreased, with Bahrain’s projects declining by 5.2%, the Omani index decreasing by 1%, and the UAE index falling by 0.9%, while Qatar’s projects increased by 3.7%.

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