PHILADELPHIA and ABU DHABI, UAE, March 13, 2017 -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Abu Dhabi Future Energy Company PJSC (Masdar) to provide project management services during construction of the Masdar Institute Neighborhood, a development within Masdar City located in Abu Dhabi, United Arab Emirates. The three-year contract has an estimated value to Hill of approximately AED 12.2 million ($3.3 million).
Masdar City is an emerging global hub for renewable energy and clean technologies. As a free zone it offers benefits to registered companies such as 100% foreign ownership, zero tax and zero import tariffs. The Masdar Institute Neighborhood will provide residential and commercial resources to people and companies located within Masdar City.
The Masdar Institute Neighborhood is a mixed-use development that will contain more than 103,000 square meters (1.1 million square feet) of space. The development will feature a commercial office building, two residential buildings, underground parking and a plaza. The project is anticipated to achieve a “three pearls” rating for Estidama requirements as well as LEED Gold certification.
“Masdar City is a model for sustainable urban development not just regionally but globally,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “We are extremely proud to have been selected to help Masdar deliver this important project,” added Al Rais.
Hill International, with 4,300 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 eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
[email protected]
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
[email protected]
(HIL-G)


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