Growth in the Iraq and Saudi projects markets lifts Gulf projects index by 0.3 per cent
Growth in the Iraq and Saudi projects markets resulted in the Gulf projects index rising by 0.3 per cent to $2.4 trillion for the week up until 2 August.
Iraq’s projects market recorded the biggest increase in the region, climbing by 1.2 per cent to $340.3bn.
The rise can be attributed to the launch of three new projects worth $725m and the revival of two projects on the planned Baghdad metro scheme, worth a combined total of $3.3bn.
The largest new project to be added to the index was Iraq’s $625m Nin