Of the eight Gulf states covered by the project tracker, only Iran recorded an increase in the value of projects planned or under way, with its portfolio rising by just 0.1 per cent. The biggest fall was registered in Iraq, where the total value of projects fell by 5.8 per cent.

Despite the weekly decline, the overall index is up 44 per cent year on year.

Table: Gulf Projects ($m)

27 May 2008 22 May 2008 % change on week 25 May 2007 % change on year
Bahrain 33,777 33,777 0.0 32,270 4.7
Kuwait 258,649 258,719 0.0 245,615 5.3
Oman 89,458 89,458 0.0 49,401 81.1
Qatar 193,966 196,971 -1.5 136,003 42.6
Saudi Arabia 469,048 468,865 0.0 321,936 45.7
UAE 862,610 866,770 -0.5 582,065 48.2
GCC total 1,907,508 1,914,560 -0.4 1,367,290 39.5
Iran 214,145 214,995 0.1 110,525 94.7
Iraq 49,976 53,046 -5.8 28,582 74.9
Gulf total 2,172,629 2,182,601 -0.5 1,506,397 44.2

For further information visit meedprojects.com.

MEED Projects, tracking $2 trillion worth of projects, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. Monitor industry and business development opportunities through market data tailored to your needs.

Be the first to know about new projects; we provide the data so you can win the business.

Subscribe to MEED Projects and benefit from:

  • Immediate information on current and future business opportunities

  • Contact details for all the key decision makers

  • Market data that you can search and tailor to track future activity

  • Comprehensive, up-to-date and accurate project information

  • The ability to monitor industry and business development opportunities

  • Account Managers to ensure you get the most from MEED Projects

If you would like to see a demo of MEED Projects, or just want to find out more, register your details here – http://www.meedprojects.com/helpcentre.aspx – or call +971 (0)4 367 1302.