Hill International Selected as Project Manager for The Escape Development in Ajman
January 02 2008 - 9:37AM
Business Wire
Hill International (Nasdaq:HINT), the worldwide construction
consulting firm, announced today that it has been awarded a
contract from Escape LLC to provide project management services
during the construction of The Escape, an upscale equestrian and
family activities residential community in Ajman, United Arab
Emirates. The nearly three-year contract has an estimated value to
Hill of approximately AED13.4 million ($3.7 million). This is
Hill�s first project in the Northern Emirates. The Escape, which
will cover an area of 8.3 million square feet, will be comprised of
villas, townhouses and apartments, a boutique hotel and spa, a
clubhouse, an activities and community centre, an equestrian
centre, a show complex, and an equine spa and therapy centre.
Construction is scheduled to begin in March 2008 and be concluded
by December 2010. The anticipated cost of the development is
approximately AED1.8 billion ($490 million). �We are excited about
expanding our reach in the UAE,� said Raouf S. Ghali, President of
Hill�s Project Management Group (International). �Ajman presents
tremendous opportunity for growth in construction,� Ghali added.
Hill International, with 1,500 employees in 70 offices worldwide,
provides program management, project management, construction
management, and construction claims services. Engineering
News-Record magazine recently ranked Hill as the 10th largest
construction management firm in the United States. For more
information on Hill, please visit our website at www.hillintl.com.
This press release may include certain statements that fall within
the definition of "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995. Any such statements are
subject to risks and uncertainties, overall economic and market
conditions, competitors' and clients' actions, and other
conditions, which could cause actual results to differ materially
from those anticipated, including those risks identified in Hill�s
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. Any
prediction by Hill is only a statement of management's belief at
the time the prediction is made. There can be no assurance that any
prediction once made will continue thereafter to reflect
management's belief, and Hill does not undertake to update publicly
its predictions, whether as a result of new information, future
events or otherwise. (HINT-G)
Hill Intl (MM) (NASDAQ:HINT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Hill Intl (MM) (NASDAQ:HINT)
Historical Stock Chart
From Oct 2023 to Oct 2024