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 2008 14 January 2007 % change on week 21 January 2007 % change on year
Bahrain 27,821 28,101 -1.0 33,045 -15.8
Kuwait 274,597 274,597 0.0 212,975 28.9
Oman 51,023 51,265 -0.5 39,506 29.2
Qatar 158,347 156,572 1.1 132,325 19.7
Saudi Arabia 400,952 398,462 0.6 308,701 29.9
UAE 714,940 706,151 1.2 483,622 47.8
GCC total 1,627,680 1,615,148 0.8 1,210,174 34.5
Iran 142,800 141,330 1.0 103,213 38.4
Iraq 33,450 33,450 0.0 28,460 17.5
Regional total 1,803,930 1,789,928 0.8 1,341,847 34.4

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