Gulf projects 13 October 2008

19 October 2008
The MEED Projects index surged by almost 8 per cent to $2.76 trillion in the week to 13 October, as a result of a handful of major real estate developments being launched at the Cityscape exhibition in Dubai.

The unveiling of the $95bn Jumeira Gardens scheme and the $38bn Nakheel Harbour & Tower development pushed the total value of UAE projects planned or under way above $1 trillion for the first time.

Table: Gulf Projects ($m)

13 Oct 20086 Oct 2008% change on week13 Sep 2007% change on year
Kuwait 295,954 295,9540.0248,59219.1
Oman 99,057 99,0570.047,446108.8
Qatar 202,826 201,8930.5143,84441.0
Saudi Arabia 598,038 571,2344.7367,81862.6
UAE 1,147,195 992,21215.6669,30371.4
GCC total 2,349,770 2,207,85411.01,505,88362.8
Iran 280,501 272,4513.0107,940159.9
Iraq 87,206 83,0765.029,452196.1
Gulf total 2,762,477 2,563,38110.01,643,27571.6

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