KUWAIT'S PROJECT MARKET RANKS THIRD IN GULF AND FIFTH REGIONALLY

  • 02/10/2022

Kuwait City: From August 5 to September 9, Kuwait ranked third in the Gulf and fifth in the region on MEED magazine's index of Gulf projects, with a total value of $202 billion. The region's projects index fell by 1.1% during the same period, with $3.03 trillion in planned or ongoing projects, while the GCC accounted for 81 percent, or $2.48 trillion.


The UAE market performed the best during this period, rising 1.1%, indicating that the market may be in a recovery mode. The total value of projects planned or under construction in the UAE fell by 30% year on year.

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