Misr Life Insurance Company succeeded to get the insurance policy of the water purification plant at New Cairo, which is an affiliate of a contracting company, said a reliable source.
The sources explained, in exclusive statements to “Amwal Al Ghad”, that the total value of the insurance policy reached EGP 1.306 billion, pointing out that policy is valid for 4 years, till the project ends.
Moreover, the source added that the policy will cover the insurance of the project’s engineering risks including all the contractors’ risks.
It is worth mentioning that Misr Life Insurance Company is targeting to achieve E
GP 4.002 billion volume of installments during the estimated budged for fiscal year 2013-2014.