Gulf projects 3 March 2008

09 March 2008
The value of projects planned or under way in the region reached $1.95 trillion in early March. The MEED Projects index rose by 2.3 per cent.

The change was driven by a 9.9 per cent rise in the Saudi Arabian market and a 3.1 per cent increase in Oman’s portfolio of projects. The value of Bahraini projects remained unchanged, while the Iranian market experienced a 1.5 per cent drop. The index is up by 40 per cent on the previous year.

TABLE: Gulf projects ($ m)

3 March 200825 February 2008% change on week3 March 2007% change on year
Bahrain30,88330,8830.032,670-5.5
Kuwait264,602262,7720.7233,04013.5
Oman54,50552,8853.142,15629.3
Qatar177,020176,8560.1132,65533.4
Saudi Arabia451,933411,3989.9324,14139.4
UAE735,912734,2900.2497,96247.8
GCC total1,714,8551,669,084 2.71,262,624 35.8
Iran189,020191,820-1.5102,87083.7
Iraq47,81547,7650.128,46068.0
Regional total1,951,6901,908,669 2.31,393,954 40.0

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