Hill International Receives Contract to Manage Construction of Nation Towers in Abu Dhabi
31 Diciembre 2007 - 10:11AM
Business Wire
Hill International (Nasdaq:HINT), the worldwide construction
consulting firm, announced today that it has received a contract
from International Capital Trading LLC to provide project
management services during construction of Nation Towers, a
mixed-use development in Abu Dhabi, United Arab Emirates. The
four-year contract has an estimated value to Hill of approximately
AED 35.8 million ($9.8 million). The Nation Towers development
includes two skyscrapers: a 65-story hotel tower and a 52-story
residential tower. A retail podium fronts the Abu Dhabi Corniche
which is curved architecturally and the whole site is surrounded by
landscaping with water attractions. A tunnel crossing under the
Corniche road links the development with a Beach Club. The total
built-up area of the project is approximately 295,000 square meters
(3.2 million square feet). The project, which is expected to cost
approximately AED 2.4 billion ($650 million) to construct, is
expected to be completed by November 2011. �The Nation Towers
development is an impressive addition to the fast-growing skyline
of Abu Dhabi,� said Raouf S. Ghali, President of Hill�s Project
Management Group (International). �We look forward to helping ICT
deliver this ambitious project,� 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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