Press Release Details

Hill International-Led Joint Venture Selected as Project Manager for the Grand Egyptian Museum

February 2, 2010 at 3:26 PM EST

MARLTON, N.J. and CAIRO, Egypt, Feb 2, 2010 (GlobeNewswire via COMTEX News Network) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that a joint venture between Hill and EHAF Consulting Engineers has received a contract from the Ministry of Culture's Supreme Council of Antiquities of the Arab Republic of Egypt to provide project management services during the design and construction of the Grand Egyptian Museum.

The five-year contract has an estimated value to the Hill/EHAF joint venture of approximately $50.0 million. Hill has a 70% interest in the joint venture and EHAF has a 30% interest.

The Grand Egyptian Museum, which has a total estimated project cost of approximately $550 million, will be the largest and most important Pharaonic museum in the world, the largest museum in Egypt and one of the leading scientific, historical and archaeological study centers on the globe. The museum's twenty-first century galleries will be located in an iconic and distinctive building located where Cairo meets the desert, abutting the Giza Pyramids world heritage site. The museum, designed by Heneghan Peng Architects, Ove Arup, Buro Happold and others, will cover 3,500 years of ancient Egyptian history and house more than 100,000 artifacts.

"With the selection of a project manager, we have achieved yet another milestone in the development of the Grand Egyptian Museum," said Farouk Hosny, Egypt's Minister of Culture. "In Hill/EHAF, we have the expertise of a world-class project management team to ensure that this project will be completed successfully," he added.

"This is an iconic, once-in-a-lifetime project," said Raouf S. Ghali, President of Hill's Project Management Group (International). "Hill is proud to be managing the construction of this world-class project," added Ghali.

EHAF Consulting Engineers, with 800 employees in seven offices throughout the Middle East and North Africa region, provides architectural, engineering and management services. Engineering News-Record recently ranked EHAF as the 14th largest non-U.S. project management and construction management firm worldwide, and among the top 200 design firms worldwide. For more information on EHAF, please visit their website at

Hill International, with 2,300 employees in 80 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

The Hill International, Inc. logo is available at

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 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.


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SOURCE: Hill International, Inc.

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