Egypt’s HCCD to launch private insurance fund for affiliates’ employees

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Egyptian Holding Company for Construction and Development (HCCD) plans to set up a private insurance fund for the employees working in its affiliate, Mahmoud Hegazy -HCCD Chairman & Managing Director- said Monday.

Hegazy told Amwal Al Ghad that in the framework of the restructuration plan to develop its affiliated contracting companies during the current fiscal year.

Furthermore, Hegazy said that HCCD’s nine affiliates have been assigned to gauge the number of people working in the companies, classify them into permanent and non permanent and identify the wage structures.