Qatar’s Ministry Of Business And Trade To Launch Price Index Of Construction Materials

Doha , March 18 (QNA) - The Ministry of Business and Trade said Monday that it will launch a monthly price index of primary construction materials with the Qatar Statistics Authority. HE Minister of Business and Trade Sheikh Jassim bin Abdul Aziz Al Thani said in a press statement that launching a price index is crucial because it was a vital tool to warn of inflation. HE the Minister said that the work of the committee in monitoring prices will require strong work with other state departments. The price index will enable those work on major projects having a strategic supply of those materials. The committee held a press conference earlier today and said that the price index will record all the price fluctuations of materials like cement, steel, limestone and bitumen among other materials. The committee will also estimate the amounts required of these materials up until 2022. Another duty of the committee will be making proposition regarding controlling inflation of these materials. (QNA)