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Apr 13, 2018

Hill International to Assist the Egyptian Natural Gas Holding Company in Expanding Service to Disadvantaged Citizens

PHILADELPHIA, PA and CAIRO, EGYPT – April 13, 2018 – Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it has received a contract to assist the Egyptian Natural Gas Holding Company (EGAS) with a major project to increase household access to a reliable, lower cost, grid-connected natural gas supply. The project consists of three components. The first component, “Gas Network Expansion and Household Connections” will connect 1.5 million households to the distribution networks. The second component, “Financial Support to Disadvantaged Households for the Payment of Natural Gas Connection fees,” and the third component, “institutional Strengthening,” will improve the governance structure, fiscal transparency, and accountability of EGAS and will support development of the gas sector regulations. 

Hill will assist EGAS in delivering the second component of the project by providing preparation, consultancy, management, and supervision services. This component is funded through a European Union Grant (EU) managed by the French Development Agency (AFD). Hill’s specific scope of work consists of the preparation and oversight of the implementation of a communication strategy and visibility plan for the project. Hill will also assist EGAS with the establishment of a database management system, reporting, documentation, and follow-up systems, document control, and support for the establishment and modernization of EGAS Customer Service Centers, in addition to providing training for the EGAS Project Management Unit and Component Stakeholders. This technical support will be instrumental in assisting EGAS to efficiently utilize the Grant and generate awareness of the availability of the connection fees subsidy to targeted customers.

 Waleed Abdel-Fattah, Senior Vice President and Managing Director of Hill's North Africa Region, said of Hill’s role, “EGAS is taking a significant step in improving the lives of everyday citizens, as the program demonstrates, and our team is excited to aid in this effort. Hill will leverage our technical and managerial expertise with similar large-scale public programs to help EGAS achieve its sustainability and economic goals, and do so efficiently and effectively.”

 Hill International, with more than 3,000 professionals in more than 50 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. 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.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
One Commerce Square
2005 Market Street, 17th Floor
Philadelphia, PA 19103
Tel: 215-309-7707
elizabethzipf@hillintl.com

Hill International, Inc.
Marco A. Martinez
SVP & Interim Chief Financial Officer
Tel:  215-309-7951
marcomartinez@hillintl.com

InvestorCom
John Glenn Grau
President
Tel: 203-295-7841
jgrau@investor-com.com

(HIL-G)

 

 

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