Kuwait has the highest percentage of projects in the Gulf in the planning stage, reflecting the slow pace of implementation. This could change over the next six months, with bidding now in full swing for several major projects.

TABLE: Gulf projects ($ million)

20 Nov 2007 12 Nov 2007 Change on week (%) 20 Nov 2006 Change on year (%)
Bahrain 29,320 29,020 1.0 29,815 -1.7
Kuwait 274,482 261,132 5.1 212,350 29.3
Oman 47,256 47,546 -0.6 39,266 20.3
Qatar 154,356 153,369 0.6 121,805 26.7
Saudi Arabia 385,412 374,879 2.8 295,381 30.5
UAE 713,869 711,016 0.4 400,871 78.1
GCC total 1,604,695 1,5769,62 1.8 1,099,488 45.9
Iran 110,265 109,180 1.0 102,883 7.2
Iraq 32,437 32,437 0.0 22,268 45.7
Regional total 1,747,397 141,617 1,133.9 1,224,639 42.7

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