{"id":31994,"date":"2021-08-11T11:31:36","date_gmt":"2021-08-11T08:31:36","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=31994"},"modified":"2021-08-11T11:31:36","modified_gmt":"2021-08-11T08:31:36","slug":"%d8%a3%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d8%b3%d9%88%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/31994\/","title":{"rendered":"Cable prices are catching up with steel prices"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The prices of electrical wires and cables followed the price of iron, after the prices of iron products rose to 48.65% and cables to 49.73% during the year, with rates approaching the increases seen in iron prices, which rose to 54.12%, which signals an increase in construction costs exceeding 50% with the implementation of new building requirements, including the activation of mandatory insurance, the Saudi Building Code, and linking construction permits with engineering offices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#ea0b25\" class=\"has-inline-color\">Electric wires<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recent data showed that the prices of electrical wire products experienced high year-on-year increases between June 2020 and June 2021, after continuing to record monthly increases throughout the past year, leading to a significant year-on-year increase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The average price of electricity wire increased by 47.73% riyals, after the average prices rose from 1.17 riyals to 1.73 riyals. The increases recorded by the products ranged from 46.75 to 48.65% riyals. The electric wires recorded the highest increase, with the price rising from 0.74 riyals to 1.10 riyals, followed by electric wires 4 mm that rose from 1.09 riyals to 1.62% riyals, while the electric wires 6 mm recorded an increase of 46.75% riyals, rising from 1.69 riyals to 2.48 riyals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span class=\"has-inline-color has-vivid-red-color\">Cable products<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cable products recorded an increase in average prices of 46.30%, after the average prices rose from 90.10 riyals to 131.82, while the increase varied between products ranging from 21.39 to 49.73%, where the prices of Chinese iron-wire cable products recorded the lowest increase of 21.39%, after rising from 49.50 riyals to 60.09, while the prices of national electric cables increased by 10 mm and 42.28% mm, rising from 13.48 riyals to 19.18, Electrical cables of 25 mm national height increased from 29.14 riyals to 41.5342.52%, and electrical cables of 35 mm national height increased% from 37.47 to 55.21, and electrical cables of 50 mm national height increased from 45.97% to 75.89. Kabel Elektrik also recorded a national high of 70 mm at 49.73%, up from 74.68 to 111.82, and a national cable of 95 mm at 49.65% from<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">101.18 to 151.42, and electric cables 120 mm and national 47.04% from 128.40 to 188.80. Also, 300 mm electric cables, the most expensive on the market, recorded an increase of 48.42%, rising from 325.07 riyals to 482.46.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>Prices for electrical wires and cables followed steel prices higher, with steel products rising to 48.65% and cables to 49.73% over the course of the year\u2014increases comparable to those seen in steel prices, which rose to 54.12%. This signals a rise in construction costs exceeding 50% with the implementation of new construction requirements, including the enforcement of mandatory insurance, the Saudi Building Code, and the linking of building permits to offices \u2026 <a title=\"Cable prices are following iron prices in their rise\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/31994\/\" aria-label=\"Read more about Cable prices rise alongside iron prices\">Read more<\/a><\/p>","protected":false},"author":11,"featured_media":31995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"%%title%%","_seopress_titles_desc":"%%sitename%% 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