Gulf Projects 07 July 2008

11 July 2008
The value of projects planned and under way in the Gulf increased by 1.5 per cent to $2.29 trillion in the week to 7 July.

The highest growth was recorded in Qatar, where the total volume of projects rose by almost 7 per cent to $219bn.

With the exception of Iraq, all the other Gulf markets in the MEED Projects index experienced an increase in their project portfolios.

Year on year, the index is up by 41 per cent.

Table: Gulf Projects ($m)

7 July 200830 June 2008% change on week7 July 2007% change on year
Bahrain38,70338,5770.333,01017.2
Kuwait 265,986265,3060.3250,4126.2
Oman 91,12990,3390.945,386100.8
Qatar 219,342205,6106.7140,00456.7
Saudi Arabia 481,469475,2881.3356,46435.1
UAE 899,387893,6640.6658,37636.6
GCC total 1,996,0161,968,7841.41,483,65234.5
Iran 229,489223,2342.8111,050106.7
Iraq 67,77667,7760.028,582137.1
Gulf total2,293,2812,259,7941.51,623,28441.3

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