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Gulf construction.
(From Arabies Trends)
Byline: Guy Brown DUBAI
ItOs as simple as the law of supply and demand. The current construction boom in the Gulf has
led to greatly increased demand for materials ETH especially steel and cement ETH and that, in turn,
has caused prices to skyrocket. Between November 2003 and April 2004, for instance, UAE
steel prices doubled to nearly $540 per ton; during the same period, prices for cement rose by
50 percent.
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