Cheap Oil Is Hurting Middle East Builders

The video discusses challenges in the construction sector, focusing on Arabtec and Drake and Scull. It highlights operational issues beyond oil price impacts, with restructuring efforts and market dynamics playing a role. The video also contrasts the performance of companies like Emaar with others, noting brand trust and demand variations. Rumors of consolidation in the UAE, particularly in banking, are explored. Finally, the video examines OPEC's diminishing control over oil prices due to global production dynamics.

Discuss the potential indicators of demand moderating or slowing down in the UAE construction market.

What are the implications of OPEC's control over oil production for the construction sector?