The GCC market continues to edge towards the $2 trillion mark, increasing by $16.5bn to $1.95 trillion.

The star performer was Qatar, where the total value of projects increased by almost $10bn to $204bn, reflecting Doha’s drive to expand the country’s infrastructure and develop its industrial base.

Table: Gulf Projects ($m)

17 June 2008 10 June 2008 % change on week 18 June 2007 % change on year
Bahrain 37,127 36,927 0.5 33,815 9.8
Kuwait 263,551 262,801 0.3 245,965 7.1
Oman 89,919 92,114 -2.4 48,685 84.7
Qatar 204,276 194,464 5.0 139,447 46.5
Saudi Arabia 473,779 472,859 0.2 345,716 37.0
UAE 883,313 876,309 0.8 620,344 42.4
GCC total 1,951,965 1,935,474 0.9 1,433,972 36.1
Iran 222,039 213,892 3.8 111,230 99.6
Iraq 67,776 66,276 2.3 28,582 137.1
Gulf total 2,241,780 2,215,642 1.2 1,573,784 42.4

For further information visit meedprojects.com.

MEED Projects, tracking $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.

Subscribe to MEED Projects and benefit from:

  • Immediate information on current and future business opportunities

  • Contact details for all the key decision makers

  • Market data that you can search and tailor to track future activity

  • Comprehensive, up-to-date and accurate project information

  • The ability to monitor industry and business development opportunities

  • Account Managers to ensure you get the most from MEED Projects

If you would like to see a demo of MEED Projects, or just want to find out more, register your details here – http://www.meedprojects.com/helpcentre.aspx – or call +971 (0)4 367 1302.