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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