Qatar has launched an index which will monitor pricing and availability of basic construction materials on a monthly basis and issue an alert if there are shortages, to ensure that the mega development projects to be launched for the 2022 soccer World Cup are not affected in the least.
The government has put the cost of the construction projects to be launched for the 2022 FIFA event at a whopping QR584bn ($160bn) over the next 10 years. Cement, steel, coarse and fine sand, limestone, bitumen and crushed stones (construction aggregates used in road construction) have been included in the index.
A committee was set up at the Ministry of Business and Trade vide a decision issued by the State Cabinet last year to prepare the index and launch and monitor it on a monthly basis.
Read more: http://thepeninsulaqatar.com/qatar/229658-price-index-for-construction-materials.html
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