The East news channel hosted M. Ahmed bin Haroun, CEO of Salem Balhamer General Contracting Company, one of the Salem Balhamer Holding Group, speaking about the prices of building materials in the kingdom of Saudi Arabia and the factors affecting them, where he explained that supply and demand play a crucial role in determining prices, as demand is witnessing significant growth as a result of work on many national development projects in addition to the growing demand in the real estate market, which has led to an increase in demand for basic building materials such as concrete, cement and ironIn addition, he pointed out that the high operational and logistics costs play an important role in raising prices, represented by the costs of diesel and the costs of international transportation through the Red Sea or the Gulf.Bin Haroun stressed the importance of understanding the multiple factors affecting the building materials market in Saudi Arabia, with the need to follow comprehensive strategies to deal with these factors to reduce the pressure on the prices of these vital commodities and achieve balance in the market
