The fastest growth was recorded in the UAE and Iraq, with the value of projects increasing by 1.5 per cent and 1.4 per cent respectively. The size of Kuwait’s portfolio of projects was unchanged this week. The index is up 43.1 per cent on the previous year.

Table: Gulf Projects ($m)

4 August 2008 28 July 2008 % change on week 4 August 2007 % change on year
Bahrain 40,078 39,978 0.3 31,100 28.9
Kuwait 267,185 267,135 0.0 250,667 6.6
Oman 92,895 92,653 0.3 44,856 107.1
Qatar 210,904 210,749 0.1 144,456 46.0
Saudi Arabia 499,612 494,057 1.1 364,964 36.9
UAE 924,987 911,649 1.5 662,439 39.6
GCC total 2,035,661 2,016,221 1.0 1,498,482 35.8
Iran 237,057 234,639 1.0 110,950 113.7
Iraq 71,876 70,876 1.4 28,582 151.5
Gulf total 2,344,594 2,321,736 1.0 1,638,014 43.1

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