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Cement prices climb in August
- United Arab Emirates: Monday, September 22 - 2008 at 09:38
A new survey has found that prices of portland cement in the UAE rose to Dhs522 per metric tonne in August from Dhs500 in July, as a number of real estate projects went into construction phase, reported Gulf News. According to the building material index issued by the statistical unit of Abu Dhabi Department of Planning and Economy, current construction boom in the UAE in general and Abu Dhabi in particular has increased projects offered to contractors and at the same time given rise to prices of building materials and cost of construction. The prices of building materials in Abu Dhabi saw a marked decline in August in comparison with prices in July, as prices of some types of steel went down by 10 to 15%.
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Jeff Florian, Senior ReporterMonday, September 22 - 2008 at 09:38 UAE local time (GMT+4)
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