Gulf projects 10 March 2008

14 March 2008
The value of projects planned or under way in the Gulf edged towards the $2 trillion mark in the week ending 10 March, after a 0.5 per cent weekly rise pushed the MEED Projects index up to $1.96 trillion.

The biggest weekly rise was in Bahrain, the Gulf's smallest projects market, where the launch of a major real estate scheme resulted in the total value of its portfolio surging by almost 15 per cent. Year on year, the overall MEED Projects index is up by 40 per cent.

Table: Gulf Projects ($ m)

10 March 20083 March 2008% change on week10 March 2007% change on year
Bahrain35,40830,88314.732,6708.4
Kuwait265,161264,6020.2233,65513.5
Oman54,46554,505-0.141,25632.0
Qatar177,125177,0200.1132,65533.5
Saudi Arabia452,253451,9330.1325,25639.0
UAE738,882735,9120.4505,71946.1
GCC total1,723,2941,714,855 0.5 1,271,211 35.6
Iran188,950189,0200.0102,87083.7
Iraq48,31547,8151.028,46069.8
Regional total1,960,5591,951,690 0.5 1,402,541 39.8

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