The 2.4 per cent weekly increase in projects planned or under way in the Gulf was driven by an 8 per cent jump in the value of Qatari projects and a 7 per cent rise in Iraq’s projects portfolio.

Year on year, the index is up 38 per cent, with the UAE remaining by far the biggest market at $735bn.

TABLE: Gulf projects ($m)

25 February 2008 18 February 2008 % change on week 25 February 2007 % change on year
Bahrain 30,883 28,029 10.2 32,670 -5.5
Kuwait 262,772 262,772 0.0 232,840 12.9
Oman 52,885 52,885 0.0 42,381 24.8
Qatar 176,856 163,856 7.9 132,655 33.3
Saudi Arabia 411,398 401,039 2.6 315,141 30.5
UAE 734,290 727,233 1.0 494,127 48.6
GCC total 1,669,084 1,635,814 2.0 1,249,814 33.5
Iran 191,820 191,265 0.3 102,848 86.5
Iraq 47,765 37,765 26.5 28,460 67.8
Regional total 1,908,669 1,864,844 2.4 1,381,122 38.2

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