Group Five, a listed South African contractor, has become the latest firm to report that several contracts in the Middle East have been cancelled.
The firm confirmed that a £47 million and a £237 million contract in Dubai have been shelved completely. But a spokesman refused to name the projects involved.
'This eventuality is catered for in the contracts, and the contractor has recovery rights and will be fully compensated for its cost incurred,' the spokesman said.
He confirmed that the firm and its local partner, Al Naboodah, have begun standing down staff. It set up an office in Dubai in 2003 and three years ago described Dubai as one of its core areas along with Africa, the Middle East and Eastern Europe.
Another South African contractor, Murray & Roberts, has also been affected by the real estate slowdown in the Middle East. It confirmed that a £395m beach-front resort in Bahrain had been cancelled.
It has also stopped work on the Trump International Tower mixed-use scheme in Dubai which was being developed by Nakheel, the state owned developer which has also stopped work on its kilometere high flagship Nakheel tower.
Last week a major US architectural firm, Pittsburg based Burt Hill, said it has laid off 111 people from its international studio office because of delays to major projects in Dubai.
British based archtiectural and design company Atkins is another victim of the Trump Tower. It is to make more than 200 staff redundant following a major slowdown in its work in the Middle East. It announced that 170 design roles in Dubai and 40 in Manila in the Philippines would go response to the freezing of projects.