The increase was driven mainly by the Qatari and Iranian markets, which recorded growth rates of 1.8 per cent and 1.4 per cent respectively.

The projects market has grown by 40.4 per cent from $1.2bn the previous year.

TABLE: Gulf projects ($m)

3 December 2007 27 November 2007 % change on week 3 December 2006 % change on year
Bahrain 29,320 29,320 0.0 29,815 -1.7
Kuwait 274,692 274,482 0.1 212,850 29.1
Oman 49,190 48,990 0.4 39,266 25.3
Qatar 157,097 154,356 1.8 122,930 27.8
Saudi Arabia 389,162 389,162 0.0 303,386 28.3
UAE 710,132 711,967 -0.3 415,055 71.1
GCC total 1,609,593 1,608,277 0.1 1,123,302 43.3
Iran 119,903 118,300 1.4 102,883 16.5
Iraq 32,455 32,455 0.0 28,860 12.5
Regional total 1,761,951 1,759,032 0.2 1,255,045 40.4

For further information visitwww.meedprojects.com.

MEED Projects, tracking $1.7trillion worth of projects, is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. Monitor industry and business development opportunities through market data tailored to your needs.

Be the first to know about new projects; we provide the data so you can win the business.

Subscribe to MEED Projects and benefit from:

  • Immediate information on current and future business opportunities

  • Contact details for all the key decision makers

  • Market data that you can search and tailor to track future activity

  • Comprehensive, up-to-date and accurate project information

  • The ability to monitor industry and business development opportunities

  • Account Managers to ensure you get the most from MEED Projects

If you would like to see a demo of MEED Projects, or just want to find out more, register your details here – http://www.meedprojects.com/helpcentre.aspx or call +971 (0) 4 367 1302.