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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
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Hill International Selected as Project Manager for The Escape Development in Ajman

02/01/2008 2:37pm

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 been awarded a contract from Escape LLC to provide project management services during the construction of The Escape, an upscale equestrian and family activities residential community in Ajman, United Arab Emirates. The nearly three-year contract has an estimated value to Hill of approximately AED13.4 million ($3.7 million). This is Hill’s first project in the Northern Emirates. The Escape, which will cover an area of 8.3 million square feet, will be comprised of villas, townhouses and apartments, a boutique hotel and spa, a clubhouse, an activities and community centre, an equestrian centre, a show complex, and an equine spa and therapy centre. Construction is scheduled to begin in March 2008 and be concluded by December 2010. The anticipated cost of the development is approximately AED1.8 billion ($490 million). “We are excited about expanding our reach in the UAE,” said Raouf S. Ghali, President of Hill’s Project Management Group (International). “Ajman presents tremendous opportunity for growth in construction,” 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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