40% increase in building materials and paints prices, and 50% decrease in sales

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Amman – Islam Al-Omari
A meeting held yesterday evening at the headquarters of the Jordan Chamber of Commerce discussed the issues and problems facing companies and shops selling building materials and paints in various regions of the Kingdom.
During the meeting chaired by the representative of the construction sector in the Chamber, Jamal Abdel Mawla, the attendees called for official intervention to address the issues facing the sector workers, in light of their continued depth due to the consequences of the Coronavirus crisis.
They pointed out that the most prominent challenges facing them now are the local factories increasing the prices of building materials and paints by nearly 40%, offset by a sharp decline in sales and an increase in operating costs and financial burdens, in addition to the multiplicity and diversity of regulatory authorities with regard to inspecting the application of health requirements and the large number of violations.
During the meeting, which was attended by Amjad Sawalha, Rami al-Haymouni and Sami Zaid al-Kilani, as representatives of merchants, they indicated that sales of companies and shops of building materials and paints have decreased by 50% since the start of the Coronavirus epidemic, due to the lack of construction and real estate projects and the decline in the purchasing power of citizens, in addition to business impacts Express bus project.
They called for reconsideration of the ban hours decision, postponement or exemption from licensing fees in the Amman Municipality and the municipalities for the years 2020 and 2021, installment of insurance contributions, exemption from fines, and installment of electricity bills, especially since many shops are closed.
In turn, Abdul-Mawla indicated that the commercial companies and shops operating in the building materials and paints sector, which number about 3 thousand establishments in the Kingdom, are facing many difficulties caused by the Corona virus crisis, and have deepened as a result of the local factories raising their prices at rates that do not coincide with the increase in freight wages and raw materials globally.
He stressed that these companies and shops, which are mostly family establishments and employ only local manpower, depend in their sales on approximately 90% of the products of local industry, which requires reconsideration of the recent increase in prices, to enable them to compensate part of their losses amid the commercial recession.
Abdel-Mawla indicated that the Jordan Chamber of Commerce, as the first umbrella for the commercial and service sector, is keen to follow up on issues of concern to the sectors and to help address the challenges they face through coordination and communication with the various stakeholders.







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