Arab Misr Insurance Group (AMIG) will issue a new insurance policy for the South Cairo Electricity Generation Company covering two engineering projects in Sixth of October City, said Walid Sayed, deputy general manager of fire insurance sector at AMIG.
The value of the insurance policy is EGP 27 million; EGP 18 million for one project and EGP 9 million for the other. The insurance policy covers both projects against risks of fire, burglary, theft, explosion, lack of profession and execution errors.
It is worth mentioning that AMIG has recently issued three insurance policies for the South Cairo Electricity Generation Company against risks of burglary, fire and miscellaneous accident, besides an insurance policy against risks of money transport with insurance value of more than EGP one billion.
