4 companies compete to win TE Data 1.2 billion pounds policy bid

Misr Insurance, Arab Misr Insurance Group gig,  Orient Takaful Insurance Egypt and Iskan Insurance are competing to win a tender offered by Internet service provider, TE Data insuring its assets and vehichles

The four companies have presented financial and technical offers, The policy is a one-year renewable term with total amount of 1.2 billion Egyptian pounds.

sources with knowledge said that the amount of insurance bid offered by TE Data included 66.9 million pounds to cover the companies building in Dokki, 87.3 million pounds for smart village building and 77.6 million pounds for the data center building.

Upon the policy, the company shall provide insurance coverage for all TE Data’s assets, vehicles, and warehouses against all types of risks, civil liabilities, cash transfer, and dishonesty.