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STO cuts prices of construction material

Mariyam Malsa
06 September 2019, MVT 21:39
STO power mix plant in Hulhumale'. PHOTO: NISHAN ALI
Mariyam Malsa
06 September 2019, MVT 21:39

State Trading Organisation (STO) lowered prices of construction materials, effective from Thursday.

The reductions are applicable to materials including construction aggregate, fine sand and cement.

STO, the largest and distributor of construction materials, described the move as a measure to aid the solution of difficulties within the construction industry. The company stated that price cuts would serve to encourage small and medium enterprises (SME's).

Furthermore, the company expressed its commitment to providing affordable high-quality goods in a sustainable manner and maintaining steady prices for construction materials.

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