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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