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 2008 | 22 Sep 2008 | % change on week | 29 Sep 2007 | % change on year | |
| Bahrain | 44,769 | 44,769 | 0.0 | 28,795 | 55.5 |
| Kuwait | 296,274 | 296,219 | 0.0 | 251,177 | 18.0 |
| Oman | 98,341 | 96,414 | 2.0 | 47,316 | 107.8 |
| Qatar | 206,943 | 206,943 | 0.0 | 142,666 | 45.1 |
| Saudi Arabia | 571,184 | 570,437 | 0.1 | 364,563 | 56.7 |
| UAE | 982,578 | 980,728 | 0.2 | 667,194 | 47.3 |
| GCC total | 2,200,089 | 2,195,510 | 0.2 | 1,501,711 | 46.5 |
| Iran | 271,521 | 271,881 | -0.1 | 103,345 | 162.7 |
| Iraq | 82,426 | 82,426 | 0.0 | 29,652 | 178.0 |
| Gulf total | 2,554,036 | 2,549,817 | 0.2 | 1,634,708 | 56.2 |
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