The index was up by a modest 0.4 per cent on the previous week. The Omani and Iranian project markets drove the increase, growing at 2.8 and 2.6 per cent each. The value of projects in Kuwait, Qatar and Saudi Arabia remained unchanged, while Bahrain and UAE had a drop in the value of their portfolio of projects.

Table: Gulf Projects ($ m)

25 March 2008 17 March 2008 % change on week 25 March 2007 % change on year
Bahrain 36,047 36,077 -0.1 32,495 10.9
Kuwait 265,372 265,372 0.0 231,120 14.8
Oman 56,935 55,395 2.8 41,611 36.8
Qatar 181,350 181,350 0.0 132,955 36.4
Saudi Arabia 454,033 453,973 0.0 326,801 38.9
UAE 768,741 770,887 -0.3 518,611 48.2
GCC total 1,762,478 1,763,054 0.0 1,283,593 37.3
Iran 197,140 192,060 2.6 106,845 84.5
Iraq 51,800 48,845 6.0 28,460 82.0
Regional total 2,011,418 2,003,959 0.4 1,418,898 41.8

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