Residents express concern over demolition of markets, fear further price increases
The Peninsula highlights the recent demolition of Gharrafa Market, as well as numerous other commercial complexes and shops in the area, citing local concerns over rising prices.
Says the report:
Though these demolitions positively reflect the current construction boom seen in the state, they might ricochet on prices of goods, house rents and services leading to a dramatic inflation being feared by a majority of citizens and residents.
Around town, there have also been extensive bulldozing of souqs in Musheireb, and shops along B-Ring road and in the Nasser Street area.
Earlier in the week, the Peninsula carried another story indicating that these demolitions are sparking a shortage of commercial space – thus leading to higher rents and higher prices.
The conclusion? More souqs are needed, rather than expensive shopping malls.
New commercial spaces have been built, such as the extensive Barwa Village shopping area. But the shopping strip exist well outside of town.
What do you think: Are more malls needed? More markets and shops? Or are you happy with what’s available?
Credit: Photo by Sam Agnew