Reflecting the buoyancy of the market, the index has doubled over the past two years and is up by 41 per cent year on year. Construction, which includes real estate, remains the dominant sector, accounting for more than 60 per cent of all projects.

Table: Gulf Projects ($ m)

17 March 2008 10 March 2008 % change on week 17 March 2007 % change on year
Bahrain 36,077 35,408 1.9 32,445 11.2
Kuwait 265,372 265,161 0.1 231,085 14.8
Oman 55,395 54,465 1.7 41,051 34.9
Qatar 181,350 177,125 2.4 132,655 36.7
Saudi Arabia 453,973 452,253 0.4 328,711 38.1
UAE 770,887 738,882 4.3 521,841 47.7
GCC total 1,763,054 1,723,294 2.3 1,287,788 36.9
Iran 192,060 188,950 1.6 105,145 82.7
Iraq 48,845 48,315 1.1 28,460 71.6
Regional total 2,003,959 1,960,559 2.2 1,421,393 41.0

For further information visit meedprojects.com.

MEED Projects, tracking $1.7trillion 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.