The growth was driven by a 1.5 per cent rise in the value of projects planned or under way in Saudi Arabia.

There was no change to the size of project portfolios in Bahrain, Oman, Iran and Iraq. The value of Qatari projects fell by 0.5 per cent.

16 March 2009 ($m) 02 March 2009 ($m) % change on week 16 March 2008 ($m) % change on year
Bahrain 68,337 68,337 0.0 36,077 89.4
Kuwait 308,802 308,607 0.1 265,372 16.4
Oman 108,943 108,943 0.0 55,395 96.7
Qatar 222,559 223,624 -0.5 181,350 22.7
Saudi Arabia 641,171 631,946 1.5 453,973 41.2
UAE 1,307,868 1,303,498 0.3 770,887 69.7
GCC total 2,657,680 2,644,955

0.5

1,763,054 50.7
Iran 301,036 301,036 0.0 192,060 56.7
Iraq 156,695 156,695 0.0 48,845 220.8
Gulf total 3,115,411 3,102,686 0.4 2,003,959 55.5

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