PHILADELPHIA and ABU DHABI, UAE, Aug. 31, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Al Fouad Group to provide project management services in connection with the design and construction of Helios Towers in Abu Dhabi, United Arab Emirates. The four-year contract has an estimated value to Hill of approximately AED 14.1 million ($3.8 million).
The mixed-use development entails construction of two skyscrapers—a 62-story residential tower and a 46-story commercial office tower—accommodating 620 residential units, approximately 53,000 square meters (570,000 square feet) of office space, 5,600 square meters (60,000 square feet) of retail space, and parking for nearly 1,800 vehicles. The project will feature such amenities as swimming pools, a health club and beauty spa, gymnasium and residents club, as well as direct access to the beach.
“We look forward to helping Al Fouad Group deliver this ambitious project,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “Helios Towers will be an important commercial and residential addition to the growing Abu Dhabi skyline,” added Al Rais.
Hill International, with 4,500 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(HIL-G)