MARLTON, N.J. and DOHA, Qatar, May 29, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from The Land Investment & Real Estate Development Company to provide project management services in connection with the Viva Bahriya and Porto Arabia towers development. The 20-month contract has an estimated value to Hill of approximately QAR 15.2 million ($4.2 million).
The project includes four residential towers located on the Pearl Qatar, a mixed-use artificial island spanning nearly four million square meters featuring both residential and commercial properties. Three of the towers are located in the Viva Bahriya district and one tower is located in the Porto Arabia District. The combined project has a built-up area of approximately 219,000 square meters (2.4 million square feet) and an estimated construction cost of QAR 1.4 billion ($390 million). Hill is currently providing similar services to the same client on four other residential towers in the Porto Arabia district at the Pearl Qatar.
"We are very proud of the fact that our client continues to turn to Hill with new and challenging projects," said Raouf S. Ghali, President of Hill's Project Management Group (International). "The Pearl Qatar will be a world-class development and we are honored to be part of it," added Ghali.
Hill International, with 3,800 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
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, performance and achievements, or industry 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.
CONTACT: Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 email@example.com The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 firstname.lastname@example.org
Source:Hill International, Inc.