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Al Maabar International Investments signs MoU with Hill International

  • United Arab Emirates: Wednesday, June 18 - 2008 at 13:50
  • PRESS RELEASE

Leading Abu Dhabi based investments company, Al Maabar International today signed a Memorandum of Understanding (MoU) to create a strategic partnership with worldwide leader in construction consulting, Hill International, the largest independent construction management company in the United States.

This move comes in line with Al Maabar's vision to be recognized as the leading UAE-based company investing internationally in real estate projects and ensuring key stakeholders are provided with excellent property development, real estate investment and property management services.

Hill International will provide a full range of services across Al Maabar's international projects in the Middle East, North Africa, Asia and Europe, offering construction consulting and support services from preconstruction through delivery.

"Despite only being in operation for 18 months, we are already attracting attention from some of the world's leading construction companies," commented Yousef Al Nowais, Board Member and Managing Director, Al Maabar.

"Today's signing shows how far we have come and is testament to the global reputation enjoyed by our joint venture shareholders."

Formed in September 2006, Al Maabar is a joint venture between five of the largest Abu Dhabi based property developers namely Aldar Properties, Sorouh, Reem Investments, Al Qudra Holdings and Reem International.

With mix use development projects underway in Libya and Morocco and an exclusive tourism project announced in Jordan, Al Maabar is looking to Hill International to bring the very highest international construction standards as the company extends its reach outside the UAE.

By offering them innovative, extensive project management and construction consulting services, Hill International will assist to differentiate Al Maabar from other property developers by providing tailored best practice to Al Maabar's most challenging and complex projects.

After signing the MoU with Al Maabar, Raouf Ghali, President of Hill International said, "Hill International has participated in over 1,000 project assignments with a total value of over $100bn so we bring a wealth of experience and expertise to all aspects of project management and construction, from design through to completion."

"We employ some of the world's leading consultants who have worked with clients in virtually every construction market sector. Today's MoU highlights Al Maabar's commitment to construction excellence. Together we will provide tailored, culturally sensitive project management plans to deliver value added services that meet and exceed stakeholder expectations."
Yousef Al Nowais, Board Member and Managing Director, Al Maabar and Raouf Ghali, President of Hill International. 
Yousef Al Nowais, Board Member and Managing Director, Al Maabar and Raouf Ghali, President of Hill International.
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Notes and Media Contacts »

For more information, please contact:
English Media Contact:
Mariam Abonamah
Hill & Knowlton Abu Dhabi

Arabic Media Contact:
Omar Abed Rabbo
Hill & Knowlton Abu Dhabi

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