Decision to waive off duty

Decision to waive off duty
Published: 11 August 2004

The UAE Cement Contractors Union has expressed a readiness to cooperate to restore stability to cement prices, in view of the fact that General Shaikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Minister of Defence recently exempted cement from tariffs and other equivalent fees for imports.

Dr Ahmed Saif Belhasa, Chairman, Cement Contractors Union, said : "Recent move taken by Shaikh Mohammed is a very generous one and will support the contracting industry, the building and construction sector, and the private sector.

"The exemption will reflect positively on the building materials market and put an end to all forms of exploitation and that cement prices would be restored to former status. Contractors would be encouraged to import cement from India, Egypt, Indonesia with excellent specifications and reasonable prices especially that Shaikh Mohammed’s decision will save contractors and importers a lot of money since five per cent of tariffs will be cut to their favour," Dr Belhasa added.