Gulf projects 14 January 2008

20 January 2008

The MEED Projects index of schemes planned or under way in the Gulf remained stable in the second week of the new year, registering only 0.1 per cent growth.

At $1.79trillion, the index is up 33.5 per cent on the previous year.

Following a 15.4 per cent increase in the total value of Iranian projects in the first week of 2008, the figure fell back to 0.5 per cent.

This week, it was Oman that recorded the highest growth rate, at 1.1 per cent.

TABLE: Gulf projects ($m)

14 January 20087 January 2008% change on week14 January 2007% change on year
Bahrain28,10127,9010.733,045-15.0
Kuwait274,597274,967-0.1212,97528.9
Oman51,26550,7151.139,50629.8
Qatar156,572156,732-0.1132,32518.3
Saudi Arabia398,462390,1722.1308,59129.1
UAE706,151714,516-1.2482,48246.4
GCC total1,615,1481,615,0030.01,208,92433.6
Iran141,330140,5660.5103,21336.9
Iraq33,45033,4500.028,46017.5
Gulf total1,789,9281,789,0190.11,340,59733.5

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