Addu International Airport (AIA) on Monday announced they are seeking a local company to insure the airport for a period of one year.

AIA said the airport requires Property All Risk Insurance, Business Interruption Insurance, and Terrorism Insurance.

Interested companies can submit their bid proposals before 13 March, AIA said.

AIA signed a contract with India's Renaatus on Sunday to develop the airport under a line of credit arrangement from India's Exim Bank. Renaatus was contracted the development project at USD 29.7 million, to be completed within two years.