Hill Intl (MM) (NASDAQ:HINT)
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From Jun 2019 to Jun 2024
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.
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