Baku, Azerbaijan, June 23
By Ali Mustafayev – Trend:
Housing prices in Kazakhstan will rise due to a significant increase in the demand for building materials in Uzbekistan, which is one of the main suppliers of construction materials to Kazakhstan, Chairman of the Board of Directors of the Kazakh BI Group construction company Aydin Rakhimbaev said on his Facebook page.
He added that price on Uzbek cement increased two-fold in the last six months.
"I think this is just a beginning. The new large-scale projects are still ahead, and the Uzbek economy is just waking up. Previously, we could buy cheap Uzbek cement, but now they are not cover their domestic demand. So, we may experience some problems because cement is a product that we cannot import from afar, and a new plant for cement production takes at least three years to build," Rakhimbaev said.
He stressed that cement prices have not been raised for ten years, and construction companies did not forecast this scenario.
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