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 2008 30 June 2008 % change on week 7 July 2007 % change on year
Bahrain 38,703 38,577 0.3 33,010 17.2
Kuwait 265,986 265,306 0.3 250,412 6.2
Oman 91,129 90,339 0.9 45,386 100.8
Qatar 219,342 205,610 6.7 140,004 56.7
Saudi Arabia 481,469 475,288 1.3 356,464 35.1
UAE 899,387 893,664 0.6 658,376 36.6
GCC total 1,996,016 1,968,784 1.4 1,483,652 34.5
Iran 229,489 223,234 2.8 111,050 106.7
Iraq 67,776 67,776 0.0 28,582 137.1
Gulf total 2,293,281 2,259,794 1.5 1,623,284 41.3

For further information visit www.meedprojects.com.

MEED Projects, tracking $2 trillion worth of projects, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. Monitor industry and business development opportunities through market data tailored to your needs.

Be the first to know about new projects; we provide the data so you can win the business.

Subscribe to MEED Projects and benefit from:

Immediate information on current and future business opportunities

Contact details for all the key decision makers

Market data that you can search and tailor to track future activity

Comprehensive, up-to-date and accurate project information

The ability to monitor industry and business development opportunities

Account Managers to ensure you get the most from MEED Projects

If you would like to see a demo of MEED Projects, or just want to find out more, register your details here – http://www.meedprojects.com/helpcentre.aspx – or call +971 (0)4 367 1302.