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FINANCIAL NEWS
Qatar construction costs highest in GCC
10 Sep 2013
(MENAFN) An “International Construction Cost Report” shows that Qatar ranked 15th in the world in terms of construction costs, The Peninsula reported.
The report shows that construction costs in Qatar are the highest in the Gulf Cooperation Council (GCC) followed by the UAE, 20th in the world, and then Saudi Arabia.
“The salary package of construction professionals in Qatar is far higher than any other neighboring countries. The prices of some of the key construction materials are extremely higher when you compare them with the neighboring markets,” said Ahmad Jassim Al Jolo, President of Qatar Engineers’ Association.
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