Gulf projects 15 September 2008

21 September 2008
The total value of projects planned and under way in the Gulf rose by 1.1 per cent to $2.53 trillion in the week to 15 September.

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 200808 Sep 2008% change on week17 Sep 2007% change on year
Bahrain 44,23143,5991.431,42540.8
Oman 95,95592,4013.846,316107.2
Qatar 205,248 205,479-0.1142,46644.1
Saudi Arabia 567,652 564,8720.5363,19856.3
UAE 973,117 967,9470.5664,48446.4
GCC total 2,182,522 2,170,6170.51,500,55145.4
Iran 263,411 251,543 4.7106,665147.0
Iraq 82,324 79,5263.529,052183.4
Gulf total 2,528,257 2,501,6861.1 1,636,26854.5

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