PHILADELPHIA and ABU DHABI, United Arab Emirates, April 19, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Sheikh Suroor Projects Department on behalf of H.H. Sheikh Suroor Bin Mohammed Al Nahyan to provide project management services during construction of a new Saadiyat Island resort development in Abu Dhabi, United Arab Emirates. The initial one-year contract has an estimated value to Hill of approximately AED 7.0 million ($1.9 million).
Saadiyat Island is located just off the coast of Abu Dhabi and is currently undergoing major development, with an approximate completion date of 2020. It will feature various commercial, residential and leisure projects and is expected to become Abu Dhabi's cultural center. The island's cultural district will eventually include eight museums designed by renowned architects such as Jean Nouvel, Tadao Ando, Frank Gehry and Zaha Hadid. The new Saadiyat Island resort development to be managed by Hill will feature 293 rooms with a built-up area of approximately 113,000 square meters (1.2 million square feet).
"Saadiyat Island will be an incredible destination for visitors to
the region," said Mohammed Al Rais, Regional President (Middle East) for Hill's Project Management Group. "This new resort development for H.H. Sheikh Suroor will become one of the premier hospitality destinations on the island. We are very honored to be part of this exciting project," added Al Rais.
Hill International, with 4,300 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.
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Senior Vice President
Source: Hill International, Inc.
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