The index is up 43.6 per cent on the previous year. The Omani market was again one of the strongest, with its portfolio of projects growing by 2.8 per cent. But it was the Qatari projects market that experienced the fastest growth, at a rate of 3.1 per cent. By contrast, the value of projects in Bahrain fell by 6.7 per cent.

Table: Gulf Projects ($ m)

31 March 2008 25 March 2008 % change on week 30 March 2007 % change on year
Bahrain 33,642 36,047 -6.7 32,495 3.5
Kuwait 266,122 265,372 0.3 235,590 13.0
Oman 58,550 56,935 2.8 41,611 40.7
Qatar 187,015 181,350 3.1 134,795 38.7
Saudi Arabia 460,888 454,033 1.5 326,101 41.3
UAE 781,200 768,741 1.6 514,346 51.9
GCC total 1,787,417 1,762,478 1.4 1,284,938 39.1
Iran 201,140 197,140 2.0 107,205 87.6
Iraq 51,800 51,800 0.0 28,462 82.0
Regional total 2,040,357 2,011,418 1.4 1,420,605 43.6

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