Gulf Projects 21 April 2008

27 April 2008
After weeks of strong growth, the MEED Projects index registered a slowdown in the week ending 21 April, with
the total value of projects planned or under way in the Gulf edging up by just 0.7 per cent to $2.13 trillion.

The GCC’s smallest projects market, Oman, was the main driver behind the rise, with the sultanate recording a 7.5 per cent increase in its projects portfolio. Year on year, the overall index is up by 50 per cent.

Table: Gulf Projects ($ m)

21 April 200813 April 2008% change on week6 April 2007% change on year
Bahrain33,50733,5070.032,0354.6
Kuwait269,410269,2380.1235,92514.2
Oman64,04459,5947.541,32655.0
Qatar190,405190,2052.7134,88544.9
Saudi Arabia460,328460,568-0.1322,80142.6
UAE848,218848,2180.2515,22364.9
GCC total1,872,2531,861,3300.61,282,19546.0
Iran204,970201,7901.6107,20591.2
Iraq51,80051,8000.028,46282.0
Gulf total2,129,0232,114,9200.71,417,86250.2

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