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Iron records the largest increase in prices of construction materials in Saudi Arabia

Saudi Arabia - May 9, 2019
price of construction materials in Saudi Arabia

The average price of construction materials in Saudi Arabia was varied in the first quarter of 2019. Prices of three materials rose by between 2.2 and 9.5 percent compared to the decline of two materials by 0.6 and 0.1 percent.

Iron was the most heavily priced construction material in the first quarter. The price of ton rose by 9.5 percent with 234 riyals from 2453 riyals per tonne at the end of December 2018 to 2687 riyals at the end of March 2019.

“Precast” came second, the price per cubic meter increased by 2.2 percent to 3.8 riyals per cubic meter. At the end of December 2018, it was around 173 riyals and rose to 176.9 riyals by the end of March 2019.

Cement came third. The bag price was SR 12.9 at the end of December 2018 and rose to 13.1 Riyal by the end of March 2019.

While two materials showed a decline, wood for instance fell by 0.6 percent, or 15.6 riyals from 2641.7 riyals per cubic meter by the end of December 2018 to 2626.2 riyals at the end of March 2019.

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