All eight Gulf states covered by the project tracker registered an increase in the value of schemes planned or under way, with Kuwait and Bahrain experiencing the highest growth, at 4 per cent and 3.6 per cent respectively.

Year on year, the MEED Projects index is up 49 per cent.

Table: Gulf Projects ($m)

22 May 2008 16 May 2008 % change on week 18 May 2007 % change on year
Bahrain 33,777 32,607 3.6 32,070 5.3
Kuwait 258,719 248,764 4.0 245,275 5.5
Oman 89,458 87,374 2.4 47,091 90.0
Qatar 196,971 195,738 0.6 135,348 45.5
Saudi Arabia 468,865 460,592 1.8 328,511 42.7
UAE 866,770 856,419 1.2 539,247 60.7
GCC total 1,914,560 1,881,494 1.8 1,327,542 44.2
Iran 214,995 209,930 2.4 111,955 92.0
Iraq 53,046 52,325 1.4 28,582 85.6
Gulf total 2,182,601 2,143,749 1.8 1,468,079 48.7

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