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07/23/2012 | Press release
distributed by noodls on 07/23/2012 10:01
MARLTON, N.J. and ABU DHABI, UAE, July 23, 2012 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been selected by the Abu Dhabi Health Services Company (SEHA) to provide project management services in connection with the construction of two new community hospitals in the United Arab Emirates. Hill's two-year contract has an estimated value of approximately AED 17.4 million ($4.8 million).
Ghayathy Community Hospital will be a 50-bed hospital with total built-up area of 40,000 square meters (431,000 square feet) and Silaa Community Hospital will be a 36-bed hospital with total built-up area of 26,000 square meters (280,000 square feet). The two hospitals have a combined estimated project value of approximately AED 784 million ($213 million).
"Improving and expanding healthcare facilities in Abu Dhabi is a top priority for SEHA," said Raouf S. Ghali, President of Hill's Project Management Group (International). "Hill is honored to have been selected to help build these important facilities," Ghali added.
Hill International, with 3,200 employees in 110 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 in this press release 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 contained in this press release, 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 include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth 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.
(HIL-G)
CONTACT: Hill International, Inc.
John P. Paolin
Vice President of Marketing and Corporate Communications
(856) 810-6210
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
Source: Hill International, Inc.
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