Homeowners in Dubai have seen service charges for communal areas almost double in 2008. Developers have blamed this on the inflationary pressures being felt in the markets as the cost of raw materials and necessary utilities increase.

Construction Products Holding Company (CPC) has invested Dhs100m through its UAE affiliate to buy, modernize and develop Techno Cast Precast Abu Dhabi Factory.

The move by Construction Products Co. - UAE is part of an ambitious plan by the parent company, CPC, to establish an integrated industrial complex supplying construction and building products in the UAE.

Construction Products Holding Company (CPC) is building another industrial complex to meet growing demand from an unprecedented construction boom in the region.

Its new investment is in the Dammam Industrial Zone where a 600,000 square meter area will be developed into an integrated complex consisting of an electric cables factory, a construction steel factory, float glass factory, ready-mix concrete plant, precast concrete plant, transportation company, warehouses and housing & offices facilities.