The Gulf markets experienced little change, with the overall value of projects planned or under way in the GCC falling by 0.1 per cent.

09 March 2009 ($m) 02 March 2009 ($m) % change on week 09 February 2008 ($m) % change on year
Bahrain 68,337 68,337 0.0 35,408 93.0
Kuwait 308,607 308,066 0.2 265,161 16.4
Oman 108,943 108,843 0.1 54,465 100.0
Qatar 223,624 223,494 0.1 177,125 26.3
Saudi Arabia 631,946 632,671 -0.1 452,253 39.7
UAE 1,303,498 1,306,712 -0.2 738,882 76.4
GCC total 2,644,955 2,648,123

-0.1

1,723,294 53.5
Iran 301,036 294,125 2.3 188,950 59.3
Iraq 156,695 155,106 1.0 48,315 224.3
Gulf total 3,102,686 3,097,354 0.2 1,960,559 58.3

It was Iran which saw the region’s most significant project portfolio expansion, recording a growth of 2.3 per cent.

This was followed by Iraq where the value of projects planned or under way grew by 1 per cent.

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