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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