Gulf projects 10 December 2007

08 January 2008

For the fourth week in a row, the MEED Projects index rose only marginally in value, remaining at about $1.76 trillion.

The recent modest rises are in sharp contrast to earlier in 2007, when weekly increases of $30-40bn were common.

Spiralling costs are largely to blame for the slowdown. However, some sectors have been hit by other issues. In the industrial and petrochemical sectors, the lack of new gas supplies is stifling the development of new projects.

TABLE: Gulf projects ($million)

10 December 20073 December 2007% change on week10 December 2006% change on year
Bahrain29,32029,3200.029,815-1.7
Kuwait275,067274,6920.1212,95029.2
Oman49,19049,1900.039,41624.8
Qatar155,107157,097-1.3127,21521.9
Saudi Arabia389,462389,1620.1307,07626.8
UAE712,016710,1320.3416,50171.0
GCC Total1,610,1621,609,5930.01,132,97342.1
Iran120,043119,9030.1102,88316.7
Iraq32,20532,455-0.828,86011.6
Gulf Total1,762,4101,761,9510.01,264,71639.4

For further information visit www.meedprojects.com

MEED Projects, tracking $1.7trillion 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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications