Gulf Projects 08 September 2008

14 September 2008

The MEED Projects index has exceeded $2.5 trillion for the first time, following a 0.5 per cent increase in the value of Gulf projects planned and under way.

The milestone, achieved in the week to 8 September, came just six months after the index hit the $2 trillion mark.

Only Bahrain experienced a reduction in its project portfolio during the course of the week, with Iran registering the highest growth, at 3.1 per cent.

Year on year, the overall index is up by 53 per cent.

Table: Gulf Projects ($m)

08 Sep 2008 01 Sep 2008% change on week08 Sep 2007% change on year
Bahrain43,59946,343-5.931,43538.7
Kuwait296,319296,3190.0252,66217.3
Oman92,40191,9310.546,016100.8
Qatar 205,479204,3990.5142,46644.2
Saudi Arabia 564,872563,7500.2363,27855.5
UAE 967,947963,7860.4662,98446.0
GCC total 2,170,6172,166,5280.21,498,84144.8
Iran 251,543243,9133.1106,350136.5
Iraq 79,52679,5260.025,747208.9
Gulf total 2,501,6862,489,9670.51,630,93853.4

For further information visit www.meedprojects.com.

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