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
Bahrain30,88328,02910.232,670-5.5
Kuwait262,772262,7720.0232,84012.9
Oman52,88552,8850.042,38124.8
Qatar176,856163,8567.9132,65533.3
Saudi Arabia411,398401,0392.6315,14130.5
UAE734,290727,2331.0494,12748.6
GCC total1,669,0841,635,8142.01,249,81433.5
Iran191,820191,2650.3102,84886.5
Iraq47,76537,76526.528,46067.8
Regional total1,908,6691,864,8442.41,381,12238.2

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