Gulf projects 11 February 2008

15 February 2008
The total value of projects planned or under way in the region fell by $3bn in the second week of February, according to the MEED Projects index.

The largest drop was experienced by Kuwait, where the value of current projects fell by three per cent.

The Bahraini and Iranian markets were the most active and recorded growth rates of 1.2 per cent and 1.4 per cent respectively.

The region's project market has grown by 36.9 per cent on the previous year.

TABLE: Gulf projects ($m)

11 February 200804 February 2008% change on week11 February 2007% change on year
Bahrain28,15527,8211.233,055-14.8
Kuwait265,772273,950-3.0213,55024.5
Oman52,43352,1120.642,25624.1
Qatar159,356159,2070.1131,47521.2
Saudi Arabia400,242400,1320.0314,70127.2
UAE726,183724,7070.2489,52748.3
GCC total1,632,1411,637,929-0.4 1,224,56433.3
Iran190,765188,1751.4103,54884.2
Iraq33,76533,6150.428,46018.6
Gulf total1,856,6711,859,719-0.21,356,57236.9

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