Gulf projects 6 October 2008

12 October 2008
The MEED Projects index was up by 0.4 per cent to $2.56 trillion in the week to 6 October.

A 6.1 per cent rise in the value of projects planned and under way in Bahrain and a 1 per cent hike in the UAE’s portfolio was more than enough to offset declines in both the Kuwaiti and Qatari markets.

So far, the global credit crunch has had little impact on the index, although this may change in the coming weeks if the regional bank finance market tightens further.

Table: Gulf Projects ($m)

6 Oct 200829 Sep 2008% change on week29 Sep 2007% change on year
Bahrain47,50444,7696.128,79565.0
Kuwait 295,954 296,274-0.1248,59219.1
Oman 99,057 98,3410.747,411108.9
Qatar 201,893 206,943-2.4145,99438.3
Saudi Arabia 571,234 571,1840.0367,74355.3
UAE 992,212 982,5781.0661,96049.9
GCC total 2,207,854 2,200,0890.41,500,49547.1
Iran 272,451 271,521 0.3104,290161.2
Iraq 83,076 82,4260.829,452182.1
Gulf total 2,563,381 2,554,0360.41,634,23756.9

For further information visit www.meedprojects.com.

MEED Projects, tracking over $2 trillion 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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.