MARLTON, N.J. and DOHA, Qatar, Sept. 30, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Qatar Petroleum, on behalf of the Qatar Museums Authority, to provide construction management services in connection with the new National Museum of Qatar. The four-year contract has an estimated value to Hill of approximately QR $82.7million ($22.7 million).
The new museum's innovative design created by eminent architect Jean Nouvel is inspired by the desert sand rose and grows organically around the former palace. This unprecedented 21st Century institution will celebrate the culture, heritage and future of Qatar and its people. It reflects and belongs to a new era in Qatari prosperity, the country's prominent role in the Arabian Gulf community and its world standing. The existing Qatar National Museum is currently closed and the new museum which is already under construction is scheduled to open in 2015.
"We are honored to have been chosen to assist with the construction of this iconic monument to the nation and people of Qatar," said Raouf S. Ghali, President of Hill's Project Management Group (International).
Hill International, with 3,900 employees 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 9th 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 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.
(HIL-G)