The MEED Projects index grew by 2.6 per cent in the week to 20 October to reach $2.83 trillion.
It was the Iraqi and UAE projects markets that drove the growth, with Iraq’s portfolio of projects growing by 11.5 per cent.
The value of projects planned or under way in the UAE increased by 5.1 per cent to $1.25 trillion.
Meanwhile, the value of Qatari projects was unchanged and Iran’s project portfolio contracted by 0.4 per cent.
Table: Gulf Projects ($m)
| 20 Oct 2008 | 13 Oct 2008 | % change on week | 20 Sep 2007 | % change on year | |
| Bahrain | 51,888 | 51,700 | 0.4 | 28,870 | 79.7 |
| Kuwait | 297,514 | 295,954 | 0.5 | 248,592 | 19.7 |
| Oman | 99,457 | 99,057 | 0.4 | 47,896 | 107.7 |
| Qatar | 202,826 | 202,826 | 0.0 | 145,250 | 39.6 |
| Saudi Arabia | 599,721 | 598,038 | 0.3 | 381,118 | 57.4 |
| UAE | 1,205,333 | 1,147,195 | 5.1 | 685,432 | 75.9 |
| GCC total | 2,456,739 | 2,349,770 | 2.6 | 1,537,158 | 59.8 |
| Iran | 279,501 | 280,501 | -0.4 | 107,880 | 159.1 |
| Iraq | 97,206 | 87,206 | 11.5 | 29,452 | 230.0 |
| Gulf total | 2,833,446 | 2,762,477 | 2.6 | 1,674,490 | 69.2 |
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