The biggest increases were recorded in Kuwait and the UAE, where the portfolio of projects increased by 1.1 per cent and 0.9 per cent respectively. In contrast, Bahrain registered its second week of contraction and was joined by Oman and Saudi Arabia in experiencing declines in their project portfolios.

Table: Gulf Projects ($ m)

7 April 2008 31 March 2008 % change on week 6 April 2007 % change on year
Bahrain 33,507 33,642 -0.4 32,035 4.6
Kuwait 268,987 266,122 1.1 235,925 14.0
Oman 58,014 58,550 -0.9 41,326 40.4
Qatar 190,205 187,015 1.7 134,885 41.0
Saudi Arabia 460,488 460,888 -0.1 322,801 42.7
UAE 786,922 781,200 0.7 515,223 52.7
GCC total 1,798,123 1,787,417 0.6 1,282,195 40.2
Iran 201,540 201,140 0.2 107,205 88.0
Iraq 51,800 51,800 0.0 28,462 82.0
Gulf total 2,051,463 2,040,357 0.5 1,417,862 44.7

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