Gulf projects 25 February 2008

02 March 2008
The value of projects tracked by MEED Projects has continued its strong recent growth, exceeding $1.9 trillion for the first time, in the week ending 25 February.

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 200818 February 2008% change on week25 February 2007% change on year
Saudi Arabia411,398401,0392.6315,14130.5
GCC total1,669,0841,635,8142.01,249,81433.5
Regional total1,908,6691,864,8442.41,381,12238.2

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