In an exceptionally quiet week, the biggest changes took place in Oman and Qatar, which both saw modest declines in the total value of projects planned or under way.

Elsewhere, Bahrain, Kuwait and the UAE saw marginal increases in their project portfolios, while Iran, Iraq and Saudi Arabia experienced no change at all.

Table: Gulf Projects ($m)

18 August 2008 11 August 2008 % change on week 18 August 2007 % change on year
Bahrain 40,048 39,998 0.1 31,055 29.0
Kuwait 295,253 295,095 0.1 252,527 16.9
Oman 92,315 92,905 -0.6 47,496 94.4
Qatar 210,614 211,619 -0.5 144,851 45.4
Saudi Arabia 532,386 532,148 0.0 365,289 45.7
UAE 934,632 934,096 0.1 666,457 40.2
GCC total 2,105,248 2,105,861 0.0 1,507,675 39.6
Iran 237,384 237,347 0.0 110,330 115.2
Iraq 75,026 75,026 0.0 25,802 190.8
Gulf total 2,417,658 2,418,234 0.0 1,643,807 47.1

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