Seeking to clamp down on attempts by some traders to cash in on the severe dearth of construction materials, the Consumer Protection Authority (CPA) has carried a number of supervisory inspection campaigns covering shops selling steel rebars – a key ingredient in building and infrastructure construction. The inspections in Al Dhahirah Governorate are aimed at ensuring that traders comply with the laws and legislations related to consumer protection.
The drive aims to ensure that rebar sellers do not exploit current market shortages to raise prices, the CPA said, reminding merchants to stay committed to existing laws and legislations that contribute to the stability of markets.
During the campaign, distributors were reminded of their responsibility to abide by the provisions of the Consumer Protection Law and its executive regulations issued in this regard, to abide by transparency, credibility and honesty when dealing with consumers and not to exploit external circumstances to either raise prices or hoard goods.
The Authority confirmed that rebar is available in adequate quantities in the governorate’s markets. The suppliers, for their part, are keen to replenish supplies as soon as they run out.
The Consumer Protection Authority has also urged the general public to report any instances of market violations, reminding customers to preserve their invoices if they feel they have been overcharged.
Iron and cement prices rose in the wake of the Ukrainian-Russian crisis, impacting the construction sector in the Sultanate of Oman, prompting calls for government intervention to find solutions to increase production and reduce prices in the local market.
Earlier, the CPA stated through its Twitter account that it had taken the necessary measures regarding a much-circulated video clip appearing to show the hoarding of steel at a site in an apparent bid to raise prices. The Authority said it had visited the site for investigation and legal procedures were taken. It affirmed its goal to stabilise markets in an effort to protect the rights of consumers in the Sultanate of Oman.
Seeking to support to growth of a strong steel sector in the country, Samayil Industrial City announced on Tuesday that it has signed an agreement with the Gulf Petrochemical Services and Trade Company to establish a steel facility with an investment of RO 3 million in the first phase.
Samayil Industrial City represents an imporant link between the governorates of Muscat, Al Dakhiliyah and South and North Al Sharqiyah. It was designed according to the latest international standards and provides an integrated environment for work through its diverse range of facilities and services.
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