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Data for the second quarter showed that the value of futures contracts in Bahrain exceeded $33 billion, with projects worth $213 million awarded, despite a 25.4% quarterly decline in the value of Gulf contracts. Saudi Arabia saw a 160.4% increase in awarded contracts, while Qatar experienced the largest drop at 90%. Some sectors, such as construction and the UAE, declined, even though oil sector activity increased significantly. These changes are attributed to the impacts of the Iranian war and market fluctuations in the region.
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