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Wethaq Takaful Insurance Company Singed the insurance policy with value of EGP 58 million covering electric cables project in Sheikh Zayed City for a year.
The policy covers the project against engineering risks including contractors’ errors, fire, machinery breakdown, loss of profits and civil liability against other entities.
Wethaq has recently renewed the insurance policy of Ministry of Electricity and Energy’s projects in East oweinat with value of EGP 180 million.
It is worth mentioning that Wethaq Takaful Insurance Company’s premiums registered EGP 91.5 million in FY 2010-2011.
