With the exception of Qatar, all the Gulf states included in the MEED Projects index experienced growth, with Iran and Oman recording the highest rates.

The construction sector continues to dominate the projects market, accounting for two-thirds of the total value.

Year on year, the MEED Projects index is up by 54 per cent.

Table: Gulf Projects ($m)

15 Sep 2008 08 Sep 2008 % change on week 17 Sep 2007 % change on year
Bahrain 44,231 43,599 1.4 31,425 40.8
Kuwait 296,319 296,319 0.0 252,662 17.3
Oman 95,955 92,401 3.8 46,316 107.2
Qatar 205,248 205,479 -0.1 142,466 44.1
Saudi Arabia 567,652 564,872 0.5 363,198 56.3
UAE 973,117 967,947 0.5 664,484 46.4
GCC total 2,182,522 2,170,617 0.5 1,500,551 45.4
Iran 263,411 251,543 4.7 106,665 147.0
Iraq 82,324 79,526 3.5 29,052 183.4
Gulf total 2,528,257 2,501,686 1.1 1,636,268 54.5

For further information visit www.meedprojects.com.

MEED Projects, tracking over $2 trillion worth of projects, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. Monitor industry and business development opportunities through market data tailored to your needs.

Be the first to know about new projects; we provide the data so you can win the business.