MARLTON, NJ and MANAMA, Bahrain, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Ithmar Development Co. to provide project management services in connection with the Bahrain Affordable Housing Public-Private Partnership (PPP) Project. The three-year contract has an estimated value to Hill of approximately $4.3 million.
The $450 million Bahrain Affordable Housing PPP Project brings together public and private entities to deliver social and affordable housing solutions to Bahrain's growing population. The project entails 2,800 social and affordable housing units in Al Madina Al Shamaliya and Al Luwzi. It is the largest housing project ever to be developed in Bahrain in partnership with the private sector and is expected to set a new benchmark for housing projects across the Middle East region.
"This type of PPP initiative is a first for the Kingdom of Bahrain and for the GCC region," said Mohammed Al Rais, Senior Vice President and Managing Director (Middle East) for Hill's Project Management Group. "We are very excited to be part of this groundbreaking effort," added Al Rais.
Hill International, with 4,600 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.
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Source:Hill International, Inc.