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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