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HINT Hill Intl (MM)

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Share Name Share Symbol Market Type
Hill Intl (MM) NASDAQ:HINT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Hill International Receives Contract to Manage Construction of Nation Towers in Abu Dhabi

31/12/2007 4:11pm

Business Wire


Hill Intl (MM) (NASDAQ:HINT)
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Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has received a contract from International Capital Trading LLC to provide project management services during construction of Nation Towers, a mixed-use development in Abu Dhabi, United Arab Emirates. The four-year contract has an estimated value to Hill of approximately AED 35.8 million ($9.8 million). The Nation Towers development includes two skyscrapers: a 65-story hotel tower and a 52-story residential tower. A retail podium fronts the Abu Dhabi Corniche which is curved architecturally and the whole site is surrounded by landscaping with water attractions. A tunnel crossing under the Corniche road links the development with a Beach Club. The total built-up area of the project is approximately 295,000 square meters (3.2 million square feet). The project, which is expected to cost approximately AED 2.4 billion ($650 million) to construct, is expected to be completed by November 2011. “The Nation Towers development is an impressive addition to the fast-growing skyline of Abu Dhabi,” said Raouf S. Ghali, President of Hill’s Project Management Group (International). “We look forward to helping ICT deliver this ambitious project,” Ghali added. Hill International, with 1,500 employees in 70 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 10th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com. This press release may include certain statements that fall within the definition of “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors’ and clients’ actions, and other conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill’s filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management’s belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management’s belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise. (HINT-G)

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