Business Services Industry
Hill International Receives Additional Work from Abu Dhabi National Oil Company
Business Wire, August 22, 2007
MARLTON, N.J. & ABU DHABI, United Arab Emirates -- Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has received one new contract and one contract extension, both to provide project management services to the Abu Dhabi National Oil Company (ADNOC). The new three-year contract and the two-year contract extension have a combined estimated value to Hill of approximately AED 52.2 million ($14.2 million).
Under the contracts, Hill will be providing design management and construction supervision services to ADNOC for numerous onshore and offshore projects throughout Abu Dhabi.
"We are honored by the continuation of our relationship with ADNOC," said Raouf S. Ghali, President of Hill's Project Management Group (International). "It is a tribute to the dedication and hard work of our management team and the loyalty of our client," Ghali added.
Hill International, with 1,500 employees in 70 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 10th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release may include certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and weather conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
(HINT-G)
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