Browse related articlesUAE construction costs to soar
United Arab Emirates: Sunday, December 09 - 2007 at 15:35
The cost of construction in the UAE could jump substantially next year according to the UK based consultancy EC Harris, reported Reuters citing Emirates Business 24/7. Key raw materials such as cement and steel could rise by up to 19%, while labour costs are also expected to rise significantly. Construction costs spiked by 25% in 2006, while the prices of materials have climbed by well over 15% this year.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 09 - 2007 at 15:35 UAE local time (GMT+4)
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