Qatar cement prices drop by 72 per cent
Construction Week reported that Qatar’s construction industry has been buoyed by a relaxation on import rules, reducing shortages of materials and creating a drop in prices.
As per report, prices for cement have now fallen to QAR 14 per bag down 72% from a high of QAR50 a few months ago. Qatar has faced shortages caused by a construction boom since 2004.
Qatar National Cement Company reported that adequate cement for Qatar’s requirements was now available thanks to an increase in production and the deficit being made up by imports from India and Pakistan.
The project manager of a leading Doha based construction firm said that “Adequate cement is available at reasonable prices in the wholesale market.”
Treated sand prices remain higher than average because of transportation costs but have now fallen by 33%, while steel prices have stabilized in line with international trends.
Published under Cement News
