Qatar cement shortage boost black market
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 30 July 2008ILLEGAL SALES: A shortage of cement in Qatar has resulted in a surge in black market deals. (Getty Images)
A shortage of cement in Qatar is leading to a surge in the black market of the building material.
Bags of 50kg cement are being sold illegally for as much as QR60, despite the government fixing the price at QR12.5 per bag, the Gulf Times reported on Wednesday.
The newspaper said some suppliers of the building material claimed there was no availability of cement or had quit dealing in it altogether.
A contractor told the newspaper: “I was told by a shop in Najma there was no cement. I kept insisting and the guy made some calls and then offered me 15 bags at the rate of QR45.”
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Financial Markets: Saudi index down, banks and petchems weigh
- Real Estate: Merger technical talks to conclude in a month - Emaar
- Banking & Finance: Dubai's Abraaj eyes property investments
- Banking & Finance: Emirates NBD launches bank’s new brand identity
- Transportation: Abu Dhabi Int’l Airport records 7% growth in Oct
SHARE PRICE CHECK
RELATED STORIES
Ministry of Energy and Industry - Qatar
- Qatar natural gas project 'unaffected' by crisis - Emir
20 Oct '09 | News - Qatar mulls pipeline through Saudi
19 Sep '09 | News - Qatar's Attiyah says OPEC likely to keep output steady
30 Aug '09 | News




