Gulf projects 21 January 2008

27 January 2008

The MEED Projects index broke through the $1.8 trillion barrier for the first time in the week ending 21 January, as a result of a 0.8 per cent rise in the value of projects planned or under way in the Gulf.

Only Bahrain and Oman experienced a fall, with the highest growth being recorded in the UAE and Qatar.

The total value of projects has risen by 35 per cent over the past 12 months.

The UAE is the region’s largest market, accounting for 40 per cent of the total.

TABLE: Gulf projects ($m)

21 January 200814 January 2007% change on week21 January 2007% change on year
Saudi Arabia400,952398,4620.6308,70129.9
GCC total1,627,6801,615,1480.81,210,17434.5
Regional total1,803,9301,789,9280.81,341,84734.4

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