Suez Canal Insurance wins Cairo Metro Line I’s $34mn policy bid

Big 5

Egypt’s leading composite insurer, Suez Canal Insurance Company has won a policy bid launched for Cairo Metro Line 1 Extension Project, its engineering sector head Moshira Maamoun told Amwal Al Ghad Monday.

Maamoun further said that the insurance policy is with total sum insured of 267.8 Egyptian pounds (US$34.2 million).

The insurance policy involves an insurance coverage against all the risks of installation such as fire, as well as the engineering, consultancy, and maintenance fees. It will also cover the civil liabilities, transportation, natural disasters such as earthquakes, floods, and heavy rains, in addition to civil riots.