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| 22 February, 2018

Suez Canal Insurance wins policy bid for New El Alamein City's projects

Projects will include the implementation of infrastructure works as well as units and residential towers in the city

Image used for illustrative purposes.
Container ships cross the Gulf of Suez towards the Red Sea before entering the Suez Canal north of Cairo, Egypt August 16, 2016. Picture taken August 16, 2016.

Image used for illustrative purposes. Container ships cross the Gulf of Suez towards the Red Sea before entering the Suez Canal north of Cairo, Egypt August 16, 2016. Picture taken August 16, 2016.

REUTERS/Amr Abdallah Dalsh

Egyptian composite insurer Suez Canal Insurance (SCI) says it has won a policy bid to insure a number of new flagships worth five billion Egyptian pounds ($282.3 million) in New El Alamein City, northwest of Cairo.

These projects will include the implementation of infrastructure works as well as units and residential towers in the city, engineering sector head at SCI Moshira Maamoun told Amwal Al Ghad on Thursday.

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“The country carried out a bunch of national projects during the last years,” Maamoun further said, adding that they participated in supporting all the insurance sectors, notably the state’s engineering insurance.

© Amwal Alghad 2018