PHILADELPHIA & ABU DHABI, UAE, April 13, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that its joint venture with EHAF Consulting Engineers has received a contract from Megaprojeler Insaat Turizm Sanayi Ve Ticaret Anonim Sirketi, an affiliate of Rixos Hotels, to provide design and construction supervision consultancy services in connection with a new five-star, 374-key Rixos Saadiyat Island Hotel located in Abu Dhabi, United Arab Emirates. The two-year contract has an estimated value to the joint venture of approximately AED 13.8 million ($3.8 million). Hill is a 65% partner in the joint venture.
Saadiyat Island is located off the coast of Abu Dhabi. It is a 27-square-kilometer (10.4-square-mile) island planned and created around an environmentally sensitive philosophy and low-density master plan. Saadiyat’s real estate developments have been built around natural beauty, cultural experiences, architectural design and business amenities. The main districts in the island are the Saadiyat Cultural District, the Saadiyat Beach District and the Saadiyat Marina District.
“We look forward to working with our client and EHAF on this new Rixos hotel,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “This five-star hotel will be an important tourist attraction on fast-growing Saadiyat Island,” added Al Rais.
EHAF’s mission is to remain a recognized leader in providing premier professional engineering, management and architectural services from concept through completion for cost effective solutions. They are committed to introduce innovation, creativity and high-quality solutions to support their clients’ requirements, while sustaining a challenging and rewarding work environment for their greatest asset, EHAF’s professionals. For more information on EHAF please visit their website at www.ehafws.com .
Hill International, with 4,800 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
Certain statements contained herein 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, the matters set forth herein including, but not limited to, any projections of revenues, 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 to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
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Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (215) 309-7710 johnpaolin@hillintl.com The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 dsullivan@equityny.com
