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 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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