Cement dilemma could hit projects
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. Published under Cement News
