How will President Trump affect GCC construction?

How will President Trump affect GCC construction?

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by Jumana Abdel-Razzaq on Nov 9, 2016 

There will be plenty of uncertainty for Middle East construction and property markets now that a Trump presidency is imminent, experts say.

After Donald Trump secured the US presidency on Wednesday, 9 November, 2016, many industry commentators were unclear on how his new administration is likely to affect construction and real estate markets in the GCC.

David Godchaux, chief executive officer of Core, UAE associate of Savills, told Construction Week: "We have to exercise prudence at this stage."

Godchaux pointed out that there is always uncertainty after elections, and that this is likely to be more pronounced given the surprise nature of the result.

“Any uncertainty, in general, always has a negative impact on stock markets, which usually translates over the mid-term into something positive for asset classes or commodities,” he continued.

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