Browse related articlesUAE building costs spiral
United Arab Emirates: Sunday, October 29 - 2006 at 09:26
The cost of building materials has rocketed over the past year and experts predict further hikes of up to 15% in the next few months, reported Emirates Today. Rizwan Sajan, the Chairman of the Danube Group, said that prices have jumped 40% since January as demand outstrips supply. The building material sector in the UAE is worth around $10bn according to Sajan.
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Jonathan Sheikh-Miller, Deputy EditorSunday, October 29 - 2006 at 09:26 UAE local time (GMT+4)
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This Article was updated on Friday, April 06 - 2007
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