Gulf projects 29 September 2008

05 October 2008
The MEED Projects index was virtually unchanged in the run-up to the Eid al-Fitr holidays, rising by just 0.2 per cent to $2.55 trillion in the week to 29 September.

The highest growth of the week was registered in Oman, where the total value of projects planned and under way rose by 2 per cent.

Elsewhere, Saudi Arabia and the UAE ended the week in positive territory, while Iran experienced a marginal decline in its projects portfolio.

Table: Gulf Projects ($m)

29 Sep 200822 Sep 2008% change on week29 Sep 2007% change on year
Bahrain44,76944,7690.028,79555.5
Kuwait 296,274 296,2190.0251,17718.0
Oman 98,341 96,4142.047,316107.8
Qatar 206,943 206,9430.0142,66645.1
Saudi Arabia 571,184 570,4370.1364,56356.7
UAE 982,578 980,7280.2667,19447.3
GCC total 2,200,089 2,195,5100.21,501,71146.5
Iran 271,521 271,881 -0.1103,345162.7
Iraq 82,426 82,4260.029,652178.0
Gulf total 2,554,036 2,549,8170.21,634,70856.2

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