The Barwa New Cairo project will be built on the east side of Cairo and feature golf courses, commercial office buildings, medical facilities, schools, mosques, resort and business hotels, villas and apartments, parks and playgrounds, and a town center with entertainment and retail shopping areas, among other amenities. The Barwa New Cairo project is one of a number of large real estate development projects planned or underway by Barwa around the world.
"We are extremely excited to be part of this project with QPM. We look forward to growing our operations in Egypt and throughout North Africa, and assisting QPM with future projects,"
said Raouf S. Ghali, President of Hill's Project Management Group (International).
Qatar Project Management is a Doha, Qatar-based firm that provides project management services to Barwa Real Estate, Qatari Diar Real Estate Investment Company and other Gulf Cooperation Council (GCC) clients. QPM has existing or planned projects in Qatar and more than 20 other countries across the globe with an estimated development cost of approximately $100bn.
Louis Berger SAS is an affiliate of The Louis Berger Group Inc., which offers professional services in the areas of civil, structural, mechanical, electrical and environmental engineering; program and construction management; planning; environmental sciences; cultural resources; information services; finance; and economics. Founded in 1953 by Dr. Louis Berger, the Louis Berger Group has grown into a recognized leader in the consulting field.
The company prides itself on having developed innovative solutions to difficult and exacting problems. With more than 100 offices throughout the world, Berger is able to ensure maximum responsiveness to local conditions while providing clients with the technical resources and rapid response capabilities of a leading global organization.
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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Posted by Rima Ali Al Mashni
