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 2008 13 April 2008 % change on week 6 April 2007 % change on year
Bahrain 33,507 33,507 0.0 32,035 4.6
Kuwait 269,410 269,238 0.1 235,925 14.2
Oman 64,044 59,594 7.5 41,326 55.0
Qatar 190,405 190,205 2.7 134,885 44.9
Saudi Arabia 460,328 460,568 -0.1 322,801 42.6
UAE 848,218 848,218 0.2 515,223 64.9
GCC total 1,872,253 1,861,330 0.6 1,282,195 46.0
Iran 204,970 201,790 1.6 107,205 91.2
Iraq 51,800 51,800 0.0 28,462 82.0
Gulf total 2,129,023 2,114,920 0.7 1,417,862 50.2

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