PHILADELPHIA and CAIRO, Egypt, May 13, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Abraj Misr Company to provide project management services in connection with The Gate mixed-use complex in Cairo, Egypt. The four-year contract has an estimated value to Hill of approximately EGP 18.4 million ($2.4 million).
The EGP 2.3 billion ($300 million) residential complex will include eight interlocked towers featuring a five-star hotel, six residential buildings and one luxury residential tower. Construction will focus on "green building architecture" minimizing the carbon footprint and maximizing sustainability attributes.
"This project will not only have an impact on business, tourism and quality of life, it will add to the overall attractiveness of Cairo," said Waleed Abdel-Fattah, Senior Vice President and Managing Director (Africa) for Hill's Project Management Group. "We are extremely honored to have been selected for this important assignment," added Abdel-Fattah.
Hill International, with 4,800 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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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.