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Posted On: 2 July 2014 02:31 pm
Updated On: 12 November 2020 02:14 pm

Diesel price hike hits construction sector

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A Qatari businessman in the construction sector said the recent hike in diesel prices had had an instant impact on the building industry.

The rate of construction has generally gone up to QR250 per sqm in the aftermath of the increase in diesel prices from QR1 a litre to QR1.50, Mohamed Al Kuwari said during the debate.

Similarly, prices of washed sand and transport costs in the construction industry have gone up after diesel prices were raised on May 1.

Al Kuwari urged the government to review its decision.

About Furjan markets springing up in the remote areas of Doha to cater to local residents, Al Kuwari said the monthly rent of shops fixed at QR6,000 was very high and that it should be QR1,500.

Many of these markets are close to shops so their operators wouldn’t be able to make so much of profit to be able to pay up such high rents, he added.

“I don’t think a Furjan shop would cost more than QR70,000 to build,” said Al Kuwari. “This means that they (the owners) want to recover its cost from a tenant in just one year. This is unjustifiable.”