UAE diesel fall boosts construction
The construction industry in the UAE was affected by a decline in fuel prices, especially diesel, which dropped by 75 fils per liter in July. This led to a reduction in operating costs, with concrete pouring, transportation, and crane services decreasing by up to 30% between June and July. Despite cement prices remaining stable at 16.25 AED per kilogram, the price of iron increased by 3% to reach 3,150 AED per ton, amid ongoing high demand from major projects such as Al Maktoum International Airport and the metro expansion.
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