Price of ready-mix concrete is stable

DUBAI — The price of ready-mix concrete in the UAE is now stable compared to the first quarter of this year, since cement prices are off their last year's highs and presently down 15 per cent on six months ago, said Eng Yahya Lootah, vice-chairman of S.S. Lootah Group, during the launch of the group's latest ready mix concrete batching plant in Jebel Ali industrial area.

By A Staff Reporter

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Published: Fri 6 May 2005, 12:35 PM

Last updated: Thu 2 Apr 2015, 5:05 PM

Cement prices leapt 200 per cent in May 2004 due to an upsurge in demand and a shortfall in supply causing a crisis across the construction sector and sending the ready mix concrete cubic metre price to an all time high rate.

"Ready mix concrete is a key building material especially in Dubai, since it has the biggest proportion of development valued in a recent study at $42.5 billion worth of current and future construction projects," he said.

"Our expansion plans are driven by both catering to the needs of our national growth by providing quality ready-mix concrete to the on going projects and support the construction industry with higher capacity resources needed for future gigantic projects like the Airport expansion, Dubai Waterfront, the railway among others," he added.

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