MARLTON, N.J. and ABU DHABI, UAE, Feb. 3, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received three contracts from the Civil Projects Division of the Abu Dhabi National Oil Company (ADNOC) to provide project management and site supervision services during the construction of various residential facilities with a construction value of more than $900 million. The three contracts have a combined estimated value to Hill of approximately $25.0 million.
"We are extremely proud of our long-term relationship with ADNOC," said Mohammed Al Rais, Regional President (Middle East) for Hill's Project Management Group. "Thanks to the hard work of our professionals working with this client for many years, ADNOC continues to turn to Hill for important project management assignments," added Al Rais.
ADNOC was established in 1971 to operate in all areas of the oil and gas industry and since then has steadily broadened its activity, establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, ADNOC ranks among the top ten oil and gas companies in the world. For more information on ADNOC, please visit their website at www.adnoc.ae.
Hill International, with 4,600 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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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.
Hill International, Inc.
John P. Paolin
Senior 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
(HIL-G)