Gulf projects 12 January 2009

19 January 2009
The value of projects planned or under way in Middle East fell by 0.1 per cent in the week to 12 January.

Oman and Kuwait were the biggest fallers, with the size of their project portfolios contracting by 2.5 and 1.5 per cent respectively.

There was no change in the value of Bahraini, Iraqi and Iranian projects this week.

The fastest growth was experienced by Kuwait, which recorded a 0.9 per cent increase in project value.

12 Jan 2009 ($m)05 Jan 2009 ($m)% change on week12 Jan 2008 ($m)% change on year
Kuwait 306,382 303,6120.9274,59711.6
Oman 104,387 107,056-2.551,265103.6
Qatar 219,243 222,599-1.5156,57240.0
Saudi Arabia 620,420 618,1130.4398,46255.7
UAE 1231,376 1,232,336-0.1706,15174.4
GCC total 2,546,125 2,548,033-0.11,615,14857.6
Iran 286,355 286,3550.0141,330102.6
Iraq 140,606 140,6060.033,450320.3
Gulf total 2,973,086 2,974,994-0.1 1,789,92866.1

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