MARLTON, N.J. and ABU DHABI, UAE, Aug. 15, 2012 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that AECOM Technology Corp. (NYSE:ACM), in association with Hill has received a $85 million contract from the Abu Dhabi Airports Company to provide construction management and supervision services for the new Midfield Terminal Complex at Abu Dhabi International Airport. Hill's five-year subcontract to AECOM has an estimated
value of approximately $42.0 million.
Abu Dhabi International Airport is the primary gateway to the Emirate of Abu Dhabi. As Abu Dhabi evolves into a global city where increasing numbers of people choose to live and to visit, the passenger traffic at Abu Dhabi International Airport has also been growing in tandem. By 2015, 20 million people are expected to use Abu Dhabi International Airport as their origin, destination or transit point for their international flights. This growth trend is expected to continue well into the future as the overall economy expands and diversifies. To this effect, the Emirate of Abu Dhabi is undertaking a multi-billion-dollar investment program to ensure that the airport is able to provide world-class
services, infrastructure and facilities to meet this demand.
The centerpiece of the Emirate's multi-billion-dollar investment program is the Midfield Terminal Complex, which comprises a state-of-the-art terminal facility, the Midfield Terminal Building, which will include a vast array of duty-free offerings, restaurants, lounges and much more, to cater for a capacity of 20-40 million passengers per year. The development program will also include airside and landside infrastructure, a multi-story car park, cargo building, catering building, maintenance complex and other supporting facilities.
The Midfield Terminal Building will be the largest in Abu Dhabi, and one of the region's most architecturally impressive structures. The Terminal will be 700,000 square meters in area. The central space of the building could hold three full-sized football fields and features a ceiling 52 meters (171 feet) tall at its highest point. For more information on the project, please visit its website at www.adac.ae/mtc.
"We are extremely honored to be teamed with AECOM on this landmark project," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We are confident that construction of the Midfield Terminal Complex will be a tremendous success for our client," Ghali added.
Hill International, with 3,200 employees in 110 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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Certain statements contained in this press release 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 contained in this press release, 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in
the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
CONTACT: Hill International, Inc.John P. Paolin
Vice President of Marketing and Corporate Communications
The Equity Group Inc.Devin Sullivan
Senior Vice President
Source: Hill International, Inc.
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