|By PR Newswire||
|March 29, 2014 12:38 PM EDT||
ARLINGTON, Va., March 29, 2014 /PRNewswire/ -- Global Guardian, the international security and emergency evacuation firm has added Somalia to the list of countries where it provides personnel tracking, emergency response, security, medical support, and evacuation services.
The firm's security and emergency response coverage includes the Puntland and Somaliland states and Somalia's largest cities such as Mogadishu, Hargeisa, Bosaso, Kismayo, Galkayo, Afgooye and Merca.
For most, Somalia evokes images of the battle of Mogadishu or pirates chasing tankers in the Gulf of Aden. The capital city Mogadishu is still considered one of the most dangerous cities in the world. The territory under the federal government's control has gradually expanded, but progress toward economic normalization and recovery remains severely impeded by continuing security threats.
The 20-year long civil war in Somalia makes the country an unlikely travel and investment destination. However, perceptions are changing with relative calm in Mogadishu and displaced Somalis returning back home to rebuild the nation. Because of the returning Somali diaspora, some sectors of the Somali economy have seen an unprecedented level of growth in the past few years.
"We're starting to see real interest from the private sector in investment in Somalia," said Dale Buckner, Global Guardian CEO. "If the country continues to stabilize and becomes more peaceful, it will continue to attract investors as well as international aid organizations," he added.
In environments such as Somalia, businesses can spend more than 50% of their operating costs on security expenses. Those expenses can add up very quickly with secure lodging, guards and secure transportation which sometimes includes armored vehicles. The security costs become so high that many organizations operate with little or no security and assume the risk of an incident happening. "With Global Guardian's fractional cost model, we can spread the cost of providing security and emergency response coverage in a region among several users," said Buckner. "This reduces the cost to the point where it's more likely that organizations can afford to provide security in high-risk environments and meet duty of care obligations."
About Global Guardian
Global Guardian provides personnel tracking, emergency response, security, medical support, and evacuation services in 24 emerging markets. Global Guardian's suite of risk mitigation services provides organizations with an innovative and cost effective solution to help them protect their most valuable asset – people.
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SOURCE Global Guardian
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