PRESIDENT TRUMP’S GLOBAL TARIFF HIKE POISED TO DRIVE UP GCC CONSTRUCTION COSTS BY AS MUCH AS 7%
Stonehaven’s 2025 UAE & KSA Construction Cost Benchmarking Report reveals a potential 7% cost spike in Saudi Arabia, with the UAE also seeing notable increases. Triggered by new global trade tariffs and material price hikes, the Middle East construction sector faces rising costs, labor challenges, and calls for innovation in project delivery.
