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UAE Chinese imports to spike
- United Arab Emirates: Saturday, August 18 - 2007 at 13:46
The costs of building materials imported from China are set to increase by 10-15% this month, according to the UAE based Danube Building Materials. Costs of imports such as plywood/MDF have seen sharp increases due to the reduction of rebates offered by the Chinese government to export companies, which have dropped from 11% to 5%. China supplies about a third of all the UAE's building materials.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 18 - 2007 at 13:46 UAE local time (GMT+4)
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