Nicosia, Cyprus -- (ReleaseWire) -- 01/19/2015 --A consortium consisting of subsidiary companies of the Al Thuraya Consultancy Holding (Al Thuraya Consultancy Inc, Al Thuraya Security Services Egypt and ICESERVE24 s.r.o) has acquired a contract to perform security operations and risk mitigation services for several multinational firms who will be operating in the Suez Canal Expansion Project.

The 'new' Suez Canal will partially run in parallel to the current waterway and entails widening and deepening of existing parts thereof. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well as the widening and deepening of a number of existing sections to a depth of 24 meters. The majority of the dredging activities for the canal expansion will be executed with 17 cutter suction dredgers. The project has commenced in 2014 and is expected to be completed in 2015.

"It is a significant project on the global map and providing security and risk mitigation services on a construction site of this size requires a full onset of all involved", says Michael Padilla Pagan Payano, chairman of the Al Thuraya Consultancy. Security and risk mitigation services include risk analyses and reports, providing real-time information, assessments of threats and limitations, advisory on actions and assistance of providing security on-site, which is a 24/7 job.

About Al Thuraya Consultancy Cyprus Limited
a privately held Holding for Management, Investment and Acquisition. Its core investments focus on following areas: Risk Mitigation (Security risk Management, Security Consulting, Operational Security Services, and Security Design.), Intelligence (Identity Intelligence, Counterintelligence Operations Support, HUMINT Operations Support, Ant-Terrorism, Diplomatic Security Support, and Consultancy and Policy Development), C5ISR Solutions Command, Control, Computers, Combat Systems, Intelligence Surveillance and Reconnaissance ( Signal Intercept, Electronic Intelligence, Communications Intelligence, Geospatial Intelligence, Threat Warning Systems and Countermeasures, Communications Reconnaissance) and Unmanned Aircraft Systems (UAS, UAV, military, humanitarian, NGO, Safety and Police).

Visit us at http://www.althurayaholdings.com

Al Thuraya Consultancy Inc.
Operations in more than 100 countries, Al Thuraya Consultancy Inc. is known as the leading regional provider of risk mitigation and security solutions in austere and complex environments across the Middle East, Africa and Baltic Countries. ATC offers customized, comprehensive solutions to support government agencies, multinational corporations and non-governmental organizations in environments across the Middle East, Africa and Baltic Countries. Services include support of clients by providing strategic consultancy, expert analysis, highly skilled protection solutions and in-depth investigations through to handling sensitive political issues and providing practical on the ground protection and support.

Visit us at http://www.althurayainc.com

ICESERVE24
Delivers actual ground truth and actionable intelligence obtainable only from front line sources. We are a virtual HUMINT source who filters, analyze and reports only on information that can impact our client's decision making. We specialize in actionable, real-time/near-time geopolitical and business information and analysis. Our international coverage includes reports on political developments, ethics tensions, kidnapping incidents, and other incidents and activities that may affect operational and travel security. Our success on over 1500 projects in nearly 120 countries is a result of unique assets we have developed.

Visit us at http://www.iceserve24.com