Contractors: Al-Kazemi Government’s Policies Caused The Construction Market To Decline 40%
Contractors: Al-Kazemi Government’s Policies Caused The Construction Market To Decline 40%
01/15/2022 | 1:24 PM
The information/ Diyala…
Contractors in Diyala governorate accused, on Saturday, the caretaker prime minister, Mustafa Al-Kazemi, of being behind the setback in the construction market and its decline by more than 40%
. It is preceded by imported and even local building materials, which increased the construction costs of the housing unit from 20-30%, which represents a huge financial burden, especially since 70% of the units being built are for the middle classes and low-income.
Haider added, “Al-Kazemi and his government bear the responsibility for the setback in the construction market in Diyala and the rest of the provinces,” wondering, “What is the benefit of distributing land and the prices of building materials doubled.”
As for Jaafar al-Zaidi, a contractor, he pointed out that “the increase in the dollar has been greatly exploited by the merchants of building materials, as there is no state control over the markets, and there are speculations taking place in order to raise prices to drain the pockets of citizens,” stressing that “70% of his business is done in a deferred manner, i.e. payment. Monthly installments because the economic situation is very difficult.”
Al-Zaidi pointed out that “the level of demand for building housing units decreased in Diyala by up to 40%, and perhaps more, because the cost of construction has doubled remarkably, especially iron and the rest of the other materials, most of which are imported.”
As for Khalil Al-Khilani, a government employee, he was forced to stop building his house after its cost had doubled due to the high prices of building materials in recent months, saying: “I can no longer complete the construction of the house because the cost has doubled by more than 30% than I had planned.”
Diyala markets are witnessing a steady rise in prices due to the continuation of the Al-Kazemi government’s policy in the economic path and adherence to raising dollar prices and decreasing the value of the Iraqi dinar. finished/ 25 f
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