Gulf Projects 26 August 2008

31 August 2008
The MEED Projects index edged up by 1 per cent to $2.44 trillion in the week to 26 August.

The Gulf’s smallest and largest markets, Bahrain and the UAE, fuelled the growth, with the value of projects planned and under way in the kingdom rising by 17 per cent, and in the federation by 1.8 per cent.

The only Gulf market to experience a decline in its projects portfolio was Oman, which dipped by 0.7 per cent.

Year on year, the index is up in value by almost 50 per cent.

Table: Gulf Projects ($m)

26 August 200818 August 2008% change on week26 August 2007% change on year
Saudi Arabia532,732532,3860.1370,95443.6
GCC total2,129,2992,105,2481.1 1,502,31741.7
Gulf total2,442,5472,417,6581.01,635,52949.3

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