Building materials see almost 50% decline in demand

Date: 19 March 2009
Source: http://www.business24-7.ae

Date: 19 March 2009

Global demand for building materials has dropped by almost 50 per cent, despite the continuation of several ongoing projects.

According to experts attending the wood and glass exhibitions at the Expo Centre Sharjah, a combination of factors, including lack of liquidity, a dent in consumer confidence and cancellation of several planned projects have resulted in the drastic drop in demand.The exhibition titled Doors, Windows, Roofs and Walls 2009 saw a mixed response.Participants said they are hoping for the number of visitors to pick up during the second and third day.

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