GIG-Egypt to cover Ahmed Hamdi Tunnel’s engineering works
Monday, 12 23 2019, Category: Insurance and Reinsurance, Country: Egypt
Egypt’s Arab Misr Insurance Group- GIG has won an insurance policy tender to cover the engineering risks of Ahmed Hamdi Tunnel in Ismailia port city, northeast of Cairo, said sources on Sunday.
The 1,640-metre long car tunnel is being executed by the state-run oil company Petrojet and Concord for Engineering and Construction, official sources in the country’s insurance sector further told Amwal Al Ghad.
At a total sum insured of $400 million or around 6.5 billion Egyptian pounds, the policy will see the coverage of all the engineering risks during the period of carrying out the tunnel, they added.
Source: Amwal Al Ghad