The UAE Ministry of Economy and the Cement Producers Group have signed a Memorandum of Understanding (MoU) to implement the necessary measures to ensure the availability of cement in the local market at reasonable prices.

The move is expected to strengthen the national economy and boost the country’s comprehensive development process. Under the terms of the MoU, the Cement Producers Group will increase the production capacity for 50 kg cement sacks from 150,000 sacks to no less than 250,000 sacks a day, while reducing its price from Dh17 ($4.6) per sack to Dh16.
The group also pledged to fix the price of an unpacked tonne of cement at Dh340 and update the Ministry of Economy with production volume data and any other necessary information every three months.
The MoU has allowed all consumers and contractors to buy cement sacks from the producer directly without any restrictions, on condition that the Cement Producers Group also provide packed and unpacked cement for all emirates without discrimination.
The MoU also requires factory representatives and producers to sign a commitment charter with regards to specific production quotas.