Gulf projects 12 November 2007

16 November 2007

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 20075 November 2007% change on week15 October 2007% change on year
Bahrain29,02028,8700.528,8800.5
Kuwait261,132261,1320.0248,5925.0
Oman47,54647,5460.047,4460.2
Qatar153,369147,4194.0143,8446.6
Saudi Arabia374,879383,379-2.2367,8181.9
UAE711,016711,1600.0669,3036.2
GCC total1,576,9621,579,506-0.21,505,8834.7
Iran109,180105,8803.1107,9401.1
Iraq32,43732,4520.029,45210.1
Regional total1,718,5791,717,8380.01,643,2754.6

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