MARLTON, N.J. and DOHA, Qatar, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Qatar Industrial Manufacturing Company (QIMC) to provide project management services in connection with QIMC's new headquarters building located in Doha, Qatar.
The 26-story tower will be a mixed-use facility including office, retail and residential space. The tower is expected to cost $150 million and will feature approximately 55,000 square meters (595,000 square feet) of gross floor area.
"This tower will have a distinctive label on the Doha Corniche and this contract will initiate further future cooperation between QIMC and Hill International in both real estate investment and industrial projects," said Abdul Rahman Al-Ansari, CEO of QIMC."We are delighted to be working with QIMC to manage the initial design phase of their project," said Mohammed Al Rais, Senior Vice President and Managing Director (Middle East) for Hill's Project Management Group. "We will use our international experience and our local know-how to complete the design phase optimally and within the agreed deadlines," added Al Rais. Hill International, with 3,900 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the 9th 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 herein 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, the matters set forth herein including, but not limited to, any projections of revenues, 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 to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere 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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