Egypt - A report that 30% rise in cement prices "paralyzed" real estate market affecting 20 million workers

[sharon sanders]

machine translation

Rise in cement prices and iron infect real estate market completely paralyzed

Saturday, March 16, 2013 17:18

Wrote: Salah Amer


Rejected a large number of citizens, contractors and self-employed associated to building and construction, unjustified increase in all building materials for their negative impact on all professions related to this industry, which serves more than 20 million people directly and indirectly, which hit the market completely paralyzed and increasing numbers of unemployed .

snip

confirmed Jacob that cement companies have cut production from 40% to 30% and raised the price by 30%, which led to the emergence of a crisis within the local market, pointing out that it will create a higher committee to monitor the markets with representatives from Authority specifications and quality, communications and the exports and imports, the Ministry of Health and Investigation of Supply and domestic trade sector.

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