Gulf investors flock to Trump’s America

The story of President Donald Trump’s two-month-old administration can be summed up in two words: Not yet.

Has some damning piece of evidence of foreign entanglement come to light that would throw open the possibility of impeachment? Not yet.

Boom in deals

My legal source tells me that investment in the US has not slowed down at all. In real estate in particular, there has been a significant increase in the value of deals done in the past six months in the US, with around $17 billion of property bought by investors from Saudi Arabia, the UAE and Kuwait. This compares with around $7 billion worth of real estate investment in the EU, including Brexit-minded Britain.

“There have been no deals pulled because of Trump. In fact, the opposite is true. Families and institutional investors we advise in the Gulf region have increased their exposure to asset classes of all types in the US, especially property, financial securities and infrastructure-related projects. I can only see this increasing as further infrastructure projects are announced and measures for tax reform are introduced,” said one prominent investment lawyer in Dubai. Read more…