Cement dilemma could hit projects

Cement dilemma could hit projects
Published: 10 May 2007

The UAE’s booming real estate sector is under pressure from a sharp rise in cement prices and restricted supplies, Gulf News reported. Cement product manufacturers told the daily that cement prices have shot up by 15%-20% since the start of the year; and demand is outstripping supply. This could lead to some companies not bidding for contracts without being able to guarantee delivery times or future price, the report said.