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

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