PHILADELPHIA and ABU DHABI, UAE, Dec. 05, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has received a contract from the General Services Unit (GSU) of the Abu Dhabi National Oil Company (ADNOC) to provide facilities management services for the entire portfolio of ADNOC facilities. The three-year contract has an estimated value to Hill of approximately AED 57.0 million ($15.5 million).
Hill’s services to GSU will include providing facility management services for ADNOC's existing portfolio of assets, management of day-to-day operations, support for GSU’s future expansion plans, management of construction phases including pre- and post-construction, contract management and project controls.
“We are extremely honored that ADNOC continues to turn to Hill for their most important assignments,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “We are especially excited to have been selected to provide assistance across their entire portfolio of facilities,” added Al Rais.
ADNOC was established in 1971 to operate in all areas of the oil and gas industry and since then has steadily broadened its activity, establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, ADNOC ranks among the top ten oil and gas companies in the world. For more information on ADNOC, please visit their website at www.adnoc.ae .
Hill International, with 4,400 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 eighth 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.
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
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