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A number of insurance companies compete in a bid to insure New Tiba City Authority in Luxor, sources said.
The insurance policy will cover the city’s buildings, stocks and facilities for two years against risks of fire, burglary and breach of trust as well as riots and disturbances, sources added.
The opening of the sealed envelopes will take place on January 23rd, 2013. Insurance companies are slated to ask technical queries about the bid today.
