PHILADELPHIA and KUWAIT CITY, Kuwait, July 18, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a letter of award from Health Assurance Hospitals Company (Dhaman) to provide project and construction management services in connection with the construction of two new hospitals in Kuwait. The three-year contract has an estimated value to Hill of approximately KWD 3.9 million ($13.1 million).
These projects entail the construction of two 300-bed secondary care hospitals, staff accommodation buildings and parking facilities. The hospitals will be located in Al Ahmadi and Al Jahra.
Health Assurance Hospitals Company (Dhaman) was established as a public-private partnership as part of the State of Kuwait’s National Healthcare Expansion Plan. In response to a projected population growth of two million people by 2026, Dhaman plans to build secondary care hospitals and primary health clinics in various locations across Kuwait.
“We look forward to helping Dhaman deliver these important hospital projects,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “We understand the importance of timely delivery for these types of healthcare facilities and we are confident that our team will meet or exceed all expectations,” added Al Rais.
Hill International, with 4,600 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
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