PHILADELPHIA and RIYADH, Saudi Arabia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Hill International, the global leader in managing construction risk, announced that it has received a three-year contract from Bank Aljazira, the leading and innovative Shari'ah-compliant financial institution in Saudi Arabia and the region, to provide project management services for the pre-design, design, and construction of Bank Aljazira’s Regional Management Office Building in Riyadh.
The project will be one of Riyadh’s landmarks, reflecting Bank Aljazira’s image and its alignment with the Saudi Arabia National Vision 2030 by contributing to a vibrant society and more thriving economy. The project location is planned to be north of the Capital, in the center of new major developments for the next 20 years.
“This project marks Bank Aljazira’s remarkable growth and success story,” said Hill’s Regional President for the Middle East, Abdo Kardous. “We are honored by this appointment and look forward to providing Hill’s expertise and experience in delivering a quality project on time and within budget while supporting the region’s plans for economic growth.”
Hill International, with approximately 3,000 professionals in more than 50 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. 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 .
Forward Looking Statements
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 statements of belief or intent, any statements concerning our plans, strategies and objectives for future operations; and any statements regarding our intent to file late periodic reports or relisting on a national securities exchange, 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, our expenses may be higher than anticipated, and the review of the Company's accounting, accounting policies and internal control over financial reporting, and the preparation of and the audit or review, as applicable, of filings may take longer than currently anticipated or additional restatement adjustments may be identified. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc. Elizabeth J. Zipf, LEED AP BD+C Senior Vice President Hill International, Inc. One Commerce Square 2005 Market Street, 17th Floor Philadelphia, PA 19103 Tel: 215-309-7707 elizabethzipf@hillintl.com
Hill International, Inc. Marco A. Martinez SVP & Interim Chief Financial Officer (215) 309-7951 marcomartinez@hillintl.com
InvestorCom John Glenn Grau President (203) 295-7841 jgrau@investor-com.com
(HIL-G)
