5/12/2009

The cost of building materials, including steel, medium density fiberboard and white wood, rose 15% last month in the Middle East, leading some to become more optimistic about a recovery. "The current correction in the real estate and property sectors is driving the shift in the prices of construction materials, which will eventually lead to a healthier market with more stable growth opportunities in the future," said Danube Building Materials chairman Rizwan Sajan.

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