The MEED Projects index of schemes planned or under way in the Gulf rose in value by $1.2bn this week. Two of the smaller Gulf project markets were the main reasons, with Iran recording a 7 per cent increase in its projects portfolio and Oman 4 per cent.
The rate of growth in new projects has slowed in recent months due to rising costs and capacity issues. However, the index has still risen by a healthy 43 per cent to $1.76trillion.
TABLE: Gulf projects ($ million)
|27 November 2007||20 November 2007||Change on week (%)||27 November 2006||Change on year (%)|
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