Algeria sees cement prices soaring

Algeria sees cement prices soaring
Published: 09 July 2007

Cement prices have recorded a 70% increase jumping thus from 290 dinars/bag to 500/bag. According to the available information, the index of average price increases is 30% which would certainly steep a rise in property prices.

This hypothesis has been confirmed to El Khabar by some building contractors. The Head of Real Estate Promotion and Management Office stated: “speculation in construction materials, mostly cement, is the main reason for the concerned prices explosion.”

El Khabar Reporters said that cement prices reached record limits. This crisis has caused disruptions of many projects and stopping some others. Besides, among the factors that influenced cement prices are the numerous building workshops of both public and private projects.