The MEED Projects index returned to positive territory in the week ending 2 June, edging up by 0.1 per cent to $2.17 trillion.
The Gulf’s smallest projects market, Bahrain, experienced the highest growth, with the total value of projects planned or under way increasing by 3 per cent.
With the exception of Kuwait, which registered a 0.1 per cent dip, all the Gulf states recorded nominal growth in their project portfolios. Year on year, the index is up 43 per cent.
Table: Gulf Projects ($m)
| 27 May 2008 | 22 May 2008 | % change on week | 25 May 2007 | % change on year | |
| Bahrain | 34,777 | 33,777 | 3.0 | 33,815 | 2.8 |
| Kuwait | 258,459 | 258,649 | -0.1 | 245,845 | 5.1 |
| Oman | 89,518 | 89,458 | 0.1 | 48,686 | 83.9 |
| Qatar | 193,966 | 193,966 | 0.0 | 136,403 | 42.2 |
| Saudi Arabia | 469,148 | 469,048 | 0.0 | 323,186 | 45.2 |
| UAE | 863,915 | 862,610 | 0.2 | 598,129 | 44.4 |
| GCC total | 1,909,783 | 1,907,508 | 0.1 | 1,386,064 | 37.8 |
| Iran | 215,145 | 215,145 | 0.0 | 110,525 | 94.7 |
| Iraq | 49,976 | 49,976 | 0.0 | 28,582 | 74.9 |
| Gulf total | 2,174,904 | 2,172,629 | 0.1 | 1,525,171 | 42.6 |
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