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 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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