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16 April 2024

Prices of building materials decline

By Staff Writer

Prices of basic construction materials are declining, says a report issued by Abu Dhabi Statistics Centre.

According to the report, the prices of iron are falling by 25 per cent, while the price of Portland Star local cement remained stable at Dh480 per tonne. White cement was at Dh600.

The price of both fictile blocks and Saudi bitumen was recorded at Dh2,300 per tonne, while four millimetre Belgian transparent glass was Dh30 per square metre, and Belgian mirror glass was Dh55 per sq m.

Italian marble slabs were priced at Dh150 per sq m, Emirati ceramic wall tiles at Dh24 per sq m, and ceramic floor tiles at Dh22 per sq m, while Chilean white wood declined from Dh1,000 to Dh980 per cubic metre, and different types of dye declined by between five and six per cent.

Meanwhile, Qatar is hosting an international conference on the Middle East and North Africa infrastructure investments up to 2030.

According to the organisers of Infrastructure Investment World Middle East, which will be held from May 4 to 7 in Doha, the region has witnessed a rapid economic and population growth over the past few years and will be investing $3 trillion (Dh11trn) in infrastructure. There is a long list of projects to be completed before 2030, which translates into an extensive list of long-term investment opportunities.