Gulf projects 22 September 2008

28 September 2008
The MEED Projects index edged up by just 0.9 per cent to $2.55 trillion in the week to 22 September, as new project activity slackened in the run-up to the Eid al-Fitr holiday.

The highest growth was in Iran, where the total value of projects planned or under way rose by 3.2 per cent.

All other Gulf markets also ended the week in positive territory, with a 0.8 per cent increase in the UAE, leaving the federation on the verge of crossing the $1 trillion mark for the first time.

Table: Gulf Projects ($m)

22 Sep 200815 Sep 2008% change on week17 Sep 2007% change on year
Bahrain44,769 44,2311.231,49542.1
Kuwait 296,219296,3190.0253,12217.0
Oman 96,414 95,9550.546,316108.2
Qatar 206,943 205,2480.8142,53645.2
Saudi Arabia 570,437 567,6520.5364,90856.3
UAE 980,728 973,1170.8667,04447.0
GCC total 2,195,510 2,182,5220.61,505,42145.8
Iran 271,881 263,411 3.2106,845154.5
Iraq 82,426 82,3240.128,252191.8
Gulf total 2,549,817 2,528,2570.91,640,51855.4

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