Gulf Projects 14 July 2008

18 July 2008
The MEED Projects index was on the verge of exceeding $2.3 trillion for the first time in the week ending 14 July.

Despite a 4 per cent fall in the value of Qatari projects, the overall index was up by 0.3 per cent on the week.

With the exception of Bahrain, all the other Gulf states registered growth, with Iraq recording the highest at 4.4 per cent, followed by Saudi Arabia at 2.1 per cent.

Year on year, the MEED Projects index is up by 42 per cent.

Table: Gulf Projects ($m)

14 July 20087 July 2008% change on week13 July 2007% change on year
Bahrain38,60338,703-0.332,46018.9
Kuwait266,284 265,9860.1250,4126.3
Oman91,200 91,1290.144,806103.5
Qatar211,032219,342-3.8137,01454.0
Saudi Arabia491,604 481,4692.1361,00936.2
UAE900,077 899,3870.1658,81036.6
GCC total1,998,800 1,996,0160.11,484,51134.6
Iran229,489 229,4890.0111,050106.7
Iraq70,776 67,7764.428,582147.6
Gulf total2,299,0652,293,2810.31,624,14341.6

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