With the exception of Qatar and Bahrain, all of the Gulf states registered an increase in the value of projects planned or under way, with Saudi Arabia recording the highest growth at 1.7 per cent.
The UAE remains the dominant projects market in the Gulf, accounting for 60 per cent of the region's total.
Table: Gulf Projects ($m)
28 April 2008 | 21 April 2008 | % change on week | 27 April 2007 | % change on year | |
Bahrain | 33,507 | 33,507 | 0.0 | 32,145 | 4.2 |
Kuwait | 269,574 | 269,410 | 0.1 | 236,560 | 14.0 |
Oman | 269,574 | 269,410 | 0.1 | 236,560 | 14.0 |
Qatar | 194,578 | 195,405 | -0.4 | 134,960 | 44.2 |
Saudi Arabia | 468,138 | 460,328 | 1.7 | 325,761 | 43.7 |
UAE | 853,995 | 849,559 | 0.5 | 533,087 | 60.2 |
GCC total | 1,903,936 | 1,872,253 | 1.7 | 1,303,854 | 46.0 |
Iran | 205,285 | 204,970 | 0.2 | 109,470 | 87.5 |
Iraq | 51,980 | 51,800 | 0.3 | 28,582 | 81.9 |
Gulf total | 2,161,201 | 2,129,023 | 1.5 | 1,441,906 | 49.9 |
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