Gulf Projects 22 May 2008

26 May 2008
For the first time in three weeks, the MEED Projects index rose in value in the week ending 22 May, increasing by 1.8 per cent to $2.18 trillion.

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 200816 May 2008% change on week18 May 2007% change on year
Bahrain33,77732,6073.632,0705.3
Kuwait258,719248,7644.0245,2755.5
Oman89,45887,3742.447,09190.0
Qatar196,971195,7380.6135,34845.5
Saudi Arabia468,865460,5921.8328,51142.7
UAE866,770856,4191.2539,24760.7
GCC total1,914,5601,881,4941.81,327,54244.2
Iran214,995209,9302.4111,95592.0
Iraq53,04652,3251.428,58285.6
Gulf total2,182,6012,143,7491.81,468,07948.7

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