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Heavy machinery raises construction costs
Construction costs in the Kingdom have increased mainly due to rising prices of heavy equipment and operational services. Equipment such as bulldozers and excavators saw increases ranging from 8.1% to 10.2% in May, significantly impacting operational, transportation, and skilled labor costs. Meanwhile, prices for traditional building materials like rebar rose by 3.9%, and wood by 3.9%, whereas some materials like sand and cement experienced a decline of 2.4%. Data indicates that the escalation in costs is largely attributed to operational expenses, equipment, and fuel, rather than just the prices of raw materials.
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