November 20, 2008

DCCI calls for monitoring of imported construction materials

Khaleej Times reported that Dubai Chamber of Commerce and Industry has called for continuous monitoring and need for an advanced organization to ensure product quality of construction materials such as steel, cement and wood etc.

Dubai Chamber of Commerce and Industry said that “These points will help perk up the industry's general business environment for further growth.”

However it pointed out that those prices will increase as the sector continues to import raw materials.

As per report, the construction sector, which accounted respectively for 13% and 12% of Dubai's gross domestic product and the UAE's GDP last year, will grow significantly with over DAED 367.5 billion (USD 100 billion) in investment by 2010. Its contribution to Dubai's GDP of AED 167.3 billion was AED 21.5 billion.