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 (%) | |
| Bahrain | 29,320 | 29,320 | 0.0 | 29,815 | -1.7 |
| Kuwait | 274,482 | 274,482 | 0.0 | 212,250 | 29.3 |
| Oman | 48,990 | 47,256 | 3.7 | 39,266 | 24.8 |
| Qatar | 154,356 | 154,356 | 0.0 | 122,325 | 26.2 |
| Saudi Arabia | 389,162 | 385,412 | 1.0 | 295,751 | 31.6 |
| UAE | 711,967 | 713,869 | -0.3 | 401,516 | 77.3 |
| GCC total | 1,608,277 | 1,604,695 | 0.2 | 1,100,923 | 46.1 |
| Iran | 118,300 | 110,265 | 7.3 | 102,883 | 15.0 |
| Iraq | 32,455 | 32,437 | 0.1 | 22,193 | 46.2 |
| Regional total | 1,759,032 | 1,747,397 | 0.7 | 1,225,999 | 43.5 |
* For further information, visit www.meedprojects.com.
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