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 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.
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