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 2008 | 3 March 2008 | % change on week | 10 March 2007 | % change on year | |
| Bahrain | 35,408 | 30,883 | 14.7 | 32,670 | 8.4 |
| Kuwait | 265,161 | 264,602 | 0.2 | 233,655 | 13.5 |
| Oman | 54,465 | 54,505 | -0.1 | 41,256 | 32.0 |
| Qatar | 177,125 | 177,020 | 0.1 | 132,655 | 33.5 |
| Saudi Arabia | 452,253 | 451,933 | 0.1 | 325,256 | 39.0 |
| UAE | 738,882 | 735,912 | 0.4 | 505,719 | 46.1 |
| GCC total | 1,723,294 | 1,714,855 | 0.5 | 1,271,211 | 35.6 |
| Iran | 188,950 | 189,020 | 0.0 | 102,870 | 83.7 |
| Iraq | 48,315 | 47,815 | 1.0 | 28,460 | 69.8 |
| Regional total | 1,960,559 | 1,951,690 | 0.5 | 1,402,541 | 39.8 |
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