The total value of projects planned or under way in the Gulf remained virtually unchanged at $1.718trillion in the week ending 12 November, according to MEED Projects.
The biggest increase was recorded in Qatar, where a near doubling in the cost of Qafco 5 to $3bn helped push up the total value of projects by 4 per cent.
In contrast, Saudi Arabia suffered the biggest fall, as a result of the $11bn Jeddah Hills development being shelved.
TABLE: Gulf projects ($m)
| 12 November 2007 | 5 November 2007 | % change on week | 15 October 2007 | % change on year | |
| Bahrain | 29,020 | 28,870 | 0.5 | 28,880 | 0.5 |
| Kuwait | 261,132 | 261,132 | 0.0 | 248,592 | 5.0 |
| Oman | 47,546 | 47,546 | 0.0 | 47,446 | 0.2 |
| Qatar | 153,369 | 147,419 | 4.0 | 143,844 | 6.6 |
| Saudi Arabia | 374,879 | 383,379 | -2.2 | 367,818 | 1.9 |
| UAE | 711,016 | 711,160 | 0.0 | 669,303 | 6.2 |
| GCC total | 1,576,962 | 1,579,506 | -0.2 | 1,505,883 | 4.7 |
| Iran | 109,180 | 105,880 | 3.1 | 107,940 | 1.1 |
| Iraq | 32,437 | 32,452 | 0.0 | 29,452 | 10.1 |
| Regional total | 1,718,579 | 1,717,838 | 0.0 | 1,643,275 | 4.6 |
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