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HINT Hill Intl (MM)

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Hill Intl (MM) NASDAQ:HINT NASDAQ Common Stock
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Hill International Receives Extension of Claims Assignment for Dubai Airports

03/01/2008 5:01pm

Business Wire


Hill Intl (MM) (NASDAQ:HINT)
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Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that its contract with the Government of Dubai’s Department of Civil Aviation (DCA) has been extended to provide claims and contract advisory services in connection with all DCA projects at Dubai International Airport (DXB) and the new Dubai World Central International Airport (JXB) located in the Jebel Ali region of Dubai. The extended contract, which is scheduled to continue throughout the DXB and JXB expansion programs, has an estimated value to Hill of approximately AED 40 million ($10.9 million) over the next three years. Hill commenced its role with DCA in March 2005 providing claims management services with respect to the DXB Concourse 2 / Terminal 3 project. In line with DCA’s expanding project portfolio, Hill’s role has likewise been expanded to include all other DXB Phase II expansion projects and the new Dubai World Central International Airport (JXB) which is planned to be one of the largest capacity airports in the world. Dubai World Central International Airport (JXB) will be at the heart of Dubai World Central, an aviation focused residential, commercial and logistics program planned by the Government of Dubai. The airport will be the world’s largest passenger and cargo hub with a designed capacity of over 12 million tons of cargo a year and in excess of 120 million passengers annually and capable of handling all new generation aircraft, including the A380 superjumbo. This new facility will have six parallel runways, a 92-meter high control tower (the highest in the Middle East), three terminals and will be ten times the size of the current Dubai International Airport (DXB) and Dubai Cargo Village combined. “DCA is a very important client to Hill International and we are honored that they have extended Hill’s services to include these world-class projects,” said Bill Kennedy, Vice President and Executive Director in charge of Hill’s construction claims operations in Dubai. 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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