MARLTON, N.J. and ASTANA, Kazakhstan, Aug. 7, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a contract from MG Development to provide project and construction management services in connection with the new St. Regis Hotel & Residences located in Astana, the capital city of Kazakhstan.
The $180 million development will feature a five-star hotel that is eight stories tall with a total built-up area of 55,000 square-meters (577,000 square-feet). The project will feature 120 hotel rooms and 50 apartments.
"This hotel will be a tremendous attraction for both tourism and business," said Mr. Murad Kortoev, CEO of MG Development. "We are excited to bring such a prestigious global hospitality brand to Kazakhstan."
"We are honored that MG Development has selected Hill to be part of this hallmark project," said Raouf S. Ghali, President of Hill's Project Management Group (International).
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 ninth 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. We do not intend, and undertake no obligation, to update any forward-looking statement.
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Source:Hill International, Inc.