Hill International Receives Contract From Aabar Investments to Manage Construction...

Mon Jul 13, 2009 9:21am EDT
 
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Hill International Receives Contract From Aabar Investments to Manage
Construction of Fourteen Projects in Abu Dhabi

MARLTON, N.J. and ABU DHABI, United Arab Emirates, July 13, 2009 (GLOBE
NEWSWIRE) -- Hill International (NYSE:HIL), 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. The four-year contract has an estimated
value to Hill of approximately AED 52.0 million ($14.2 million).

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," said Raouf
S. Ghali, President of Hill's Project Management Group (International). "We are
confident that our team will deliver exceptional results to our client," Ghali
added.

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.
For more information on Aabar, please visit their website at www.aabar.com.

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. For
more information on Hill, please visit our website at www.hillintl.com.

The Hill International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5733

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.

(HIL-G)

-0-
CONTACT:  Hill International, Inc.
          John P. Paolin, 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

 

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