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| 12 June, 2018

Construction costs grow 3.6% in Abu Dhabi in Q4-17

Construction Cost Index hit 98% during Q4-17: report

Image used for illustrative purpose.
Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

Image used for illustrative purpose. Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

REUTERS/China Daily

Abu Dhabi –  Construction costs in the Emirate of Abu Dhabi increased 3.6% in the fourth quarter of 2017, compared to the year-ago period, Statistics Centre in Abu Dhabi (SCAD) said.

Construction Cost Index hit 98% during Q4-17, versus 94.6% in Q4-16, the SCAD’s report added.

The state-run body attributed the growth to an 8% rise in construction materials, followed by 6.3% increase in mechanical works and air conditioning, 5.2% in finishing materials, 3.8% in the electricity business, 1.5% in services prices, and 1.2% in employment.

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The SCAD further noted that costs of establishments levelled up 1.1% in Q4-17, compared to Q3-17.

Source: Mubasher

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