Unlike in 2007, when GCC states drove the index’s high growth, it was Iran’s turn to fuel the increase: in the three weeks to 7 January, the total value of Iranian projects increased by 15.4 per cent as a result of a series of major oil, gas, transportation and industrial schemes. By its standards, Iran also experienced strong growth.
TABLE: Gulf projects ($m)
|7 January 2008||17 December 2007||% change on week||7 January 2007||% change on year|
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