Kuwait records largest decline in Gulf projects index

  • 23/03/2023

Kuwait City, March 23: MEED magazine reported that the index of Gulf projects (MED Projects), which includes the countries of the Gulf Cooperation Council, Iran and Iraq, grew by 3.5 percent in the five weeks from February 10 to March 17, rising by $109 billion to $3.22 trillion.

Nevertheless, the project market in Kuwait recorded the largest decline among the GCC markets, after it fell by 3.6 percent, or $6.4 billion. The market value reached $171 billion as of March 17, ranking fifth in the Gulf after Saudi Arabia, UAE, Oman and Qatar.

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