Gulf projects 3 December 2007

10 December 2007

The total value of projects planned or under way in the region grew by $2.9bn in the first week of December, according to Gulf projects tracker MEED Projects.

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 200727 November 2007% change on week 3 December 2006% change on year
Bahrain29,32029,3200.029,815-1.7
Kuwait274,692274,4820.1212,85029.1
Oman49,19048,9900.439,26625.3
Qatar157,097154,3561.8122,93027.8
Saudi Arabia389,162389,1620.0303,38628.3
UAE710,132711,967-0.3415,05571.1
GCC total1,609,5931,608,2770.11,123,30243.3
Iran119,903118,3001.4102,88316.5
Iraq32,45532,4550.028,86012.5
Regional total1,761,9511,759,0320.21,255,04540.4

For further information visitwww.meedprojects.com.

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