MARLTON, N.J. and RIYADH, Saudi Arabia, Oct. 9, 2012 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received two contracts from the Ministry of Health (MOH) of the Kingdom of Saudi Arabia to provide project management services during the design and construction of two medical cities and ten hospitals located throughout the Kingdom. The five-year contracts have a combined estimated value to Hill of approximately SAR 127.5 million ($34.0 million). The King Faisal Medical City in the southern province (Abha) will have a 1,350-bed capacity. The Prince Mohammed bin Abdulaziz Medical City in the northern province (Al Jouf) will have 1,000 beds. Both medical cities will incorporate housing and other facilities for medical staff in addition to their hospital facilities. The ten hospitals will add an additional 2,600 beds with locations throughout the Kingdom. All of these medical projects are part of the Kingdom's efforts to improve healthcare services for its rapidly growing population, which is expected to rise from the current 26 million to 29 million by 2015. Hill's two contracts are part of MOH's plan to implement a professional process for project and construction management services to effectively and efficiently manage time, cost and quality of their capital construction program. MOH is also looking to quickly provide improved health services for the Kingdom's regional population, which drove their decision to hire Hill to construct these high-visibility projects in a fast and accurate manner. Minister of Health Dr. Abdullah Abdulaziz M. Al Rabeeah, MD, FRCS, Assistant Deputy Minister for Engineering Affairs Eng. Ahmad Al Beez, Dr. Eng. Zeyad Al Swaidan and Eng. Hamad Al Lehedan are the MOH's representatives in charge of this expansion program. "Construction of these 12 projects is critically important for the people of Saudi Arabia," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We are honored to have been selected by MOH to manage such an important healthcare program," added Ghali.
Hill International, with 3,300 employees in 110 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 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, 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.