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Friday, November 27 - 2009

Hill International receives contract from Aabar Investments to manage construction of fourteen projects in Abu Dhabi

  • United Arab Emirates: Tuesday, July 14 - 2009 at 10:22
  • PRESS RELEASE

Hill International, the global leader in managing construction risk, announced today that it has received a contract from Aabar Investments P.J.S.C. to provide project management consultancy services during design and construction of fourteen major mixed-use and residential developments in Abu Dhabi, United Arab Emirates.

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The four-year contract has an estimated value to Hill of approximately Dhs52.0m ($14.2m).

The fourteen projects include the following: one mixed-use building on Reem Island (approximately 25 stories), six buildings on Raha Beach (approximately 10 stories each), five buildings in Rawdat Abu Dhabi (approximately 10 stories each), one residential building in Saraya (approximately 45 stories) and one hotel building in Saraya (approximately 23 stories).

"We are very excited to be involved in these prestigious projects. We are confident that our team will deliver exceptional results to our client,"


said Raouf S. Ghali, President of Hill's Project Management Group (International).

Aabar Investments is headquartered in Abu Dhabi and is a public joint stock company listed on the Abu Dhabi Securities Exchange. The company is engaged in investing activities in different industries with significant growth potential.

Hill International, with 2,300 employees in 80 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States.

Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of 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 include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog.

Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth 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.
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