Gulf projects 27 November 2007

08 January 2008

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 200720 November 2007Change on week (%)27 November 2006Change on year (%)
Bahrain29,32029,3200.029,815-1.7
Kuwait274,482274,4820.0212,25029.3
Oman48,99047,2563.739,26624.8
Qatar154,356154,3560.0122,32526.2
Saudi Arabia389,162385,4121.0295,75131.6
UAE711,967713,869-0.3401,51677.3
GCC total1,608,2771,604,6950.21,100,92346.1
Iran118,300110,2657.3102,88315.0
Iraq32,45532,4370.122,19346.2
Regional total1,759,0321,747,3970.71,225,99943.5

* For further information, visit www.meedprojects.com.

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