Construction

Crushers struggle with production drop

Production levels of aggregates and at crushers have dropped by almost 40 per cent following a drastic drop in demand, industry officials said recently. Manufacturers of machinery and spares for crusher units yesterday said they were aiming at markets in Saudi Arabia and other GCC countries to compensate for the drop in the demand in the UAE.

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Saudi imposes duty on steel

Saudi Arabia has reimposed a five per cent customs duty  on steel rebars and cement imports following an oversupply in the domestic market. However, the duties will only be levied on rebars and cement imported from non-GCC countries. The decision came into effect January 1st.

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Aamal Cement begins Qatar operations

Aamal Company (Aamal), a GCC-diversified conglomerate, announced that its subsidiary Aamal Cement Industries has officially commenced operations at its newly opened cement block manufacturing plant in Messaid, Qatar.

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Demand for mining equipment set to increase

GLOBAL DEMAND FOR mining equipment (including separately sold parts and attachments) is projected to increase 4.9 per cent per year through 2013 to US$58 billion.  China and India will be leading sources of mining equipment demand. 

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Gulf project spending to soar

INFRASTRUCTURE SPENDING BY Gulf countries is expected to reach US$205 billion by 2013, according to recent estimates by Standard Chartered Bank. Although funding has emerged as a big challenge in the context of the global credit crisis, economists expect governments to support most infrastructure projects, and bond issues will be a major source of funding for many of these projects.

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