Hill International Receives $15.5 Million Facilities Management Contract from ADNOC
December 05 2016 - 9:25AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that it has received a contract
from the General Services Unit (GSU) of the Abu Dhabi National Oil
Company (ADNOC) to provide facilities management services for the
entire portfolio of ADNOC facilities. The three-year contract
has an estimated value to Hill of approximately AED 57.0 million
($15.5 million).
Hill’s services to GSU will include providing
facility management services for ADNOC's existing portfolio of
assets, management of day-to-day operations, support for GSU’s
future expansion plans, management of construction phases including
pre- and post-construction, contract management and project
controls.
“We are extremely honored that ADNOC continues
to turn to Hill for their most important assignments,” said
Mohammed Al Rais, Regional President (Middle East) for Hill’s
Project Management Group. “We are especially excited to have
been selected to provide assistance across their entire portfolio
of facilities,” added Al Rais.
ADNOC was established in 1971 to operate in all
areas of the oil and gas industry and since then has steadily
broadened its activity, establishing companies and subsidiaries and
creating an integrated oil and gas industry in Abu Dhabi.
Today, ADNOC ranks among the top ten oil and gas companies in
the world. For more information on ADNOC, please visit their
website at www.adnoc.ae.
Hill International, with 4,400 professionals 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 eighth largest
construction management firm in the United States. For more
information on Hill, please visit our website at
www.hillintl.com.
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, including
that unfavorable global economic conditions may adversely impact
our business, our backlog may not be fully realized as revenue and
our expenses may be higher than anticipated. We do not
intend, and undertake no obligation, to update any forward-looking
statement.
Hill International, Inc.John P.
PaolinSenior Vice President of Marketing andCorporate
Communications(215) 309-7710johnpaolin@hillintl.com
The Equity Group Inc.Devin SullivanSenior Vice
President(212) 836-9608dsullivan@equityny.com
(HIL-G)