Alexandria Container launches $39 million Insurance Policy Tender

Egypt-based Alexandria Container & Cargo Handling Company is launching a call for tenders on health insurance for its employees and families, senior insurance sources near from the talks revealed Monday.

The sources further told Amwal Al Ghad that the insurance policy is set to be with total sum insured of 300 million Egyptian pounds (US$39.3 million). It shall serve around 2.950 insured individuals.

The insurance policy will be against all the medical risks and incurring expenses such as operations, endoscopes, outpatient clinics, dental treatment, medicines, and chronic diseases, the sources noted.

Moreover, the sources also highlighted that the list of insurers competing for Alexandria Container’s policy tender includes two leading names in insurance industry in Egypt; Misr Insurance Company and Suez Canal Insurance.

The technical envelopes are expected to be opened in the coming few days, the sources asserted.

Alexandria Container & Cargo Handling Company is the first specialized Container Handling Terminal in Egypt .It was established in 1984 to exersise all activities related to container handling. According to its website, the company operates two major terminals, the first is the Alexandria container terminal at the port of Alexandria and the second is ElDekheila terminal at port of Dekheila.