Hill International Selected as Project Manager for the Design and Construction of Arab African International Bank’s New Hea...
April 16 2020 - 7:00AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today it was awarded a contract to
provide project management services for the Arab African
International Bank for its new headquarters project in 1-Ninety,
Fifth District, New Cairo, Egypt. This project involves the design
and construction of a new headquarters building of a ground floor
and five typical floors with a total area of approximately 28,100
SQM in addition to three basements levels for car parking &
facilities with a total area of about 25,300 SQM.
“This is an exciting new project for us in
Cairo,” says Hill Senior Vice President and Africa Managing
Director Waleed Abdel-Fattah. “We’ve already been privileged to
complete and handover several major international banks’
headquarters projects in Cairo in the last five years, and this
project adds a new bank’s HQ to our current portfolio. Now, drawing
on this local experience, our team will be able to help deliver a
successful project.”
Hill will provide project management and
construction management services across all stages of the project:
design procurement and design management stage, construction
management for construction and fit-out stage, and defects
liability period stage.
“Hill has a very strong presence in Egypt and a
successful track of iconic projects implemented there,” says Hill
Chief Executive Officer Raouf Ghali. “It is clear that our team in
the region has built Hill an excellent reputation by reliably and
successfully delivering complex work. We look forward to supporting
the Arab African International Bank New Headquarters project and
demonstrating the value Hill can add.”
About Hill International
Hill International, with approximately 2,700
professionals in more than 55 offices worldwide, provides program
management, project management, construction management, and other
consulting services to clients in a variety of market sectors.
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.
About Arab African International
Bank
Arab African International Bank is a strong regional financial
institution, and Egypt’s first joint Arab – multinational bank. Its
rich and wide array of services led to the success of becoming one
of the top 5 Egyptian banks and the 3rd largest private sector
bank.
AAIB navigated to be a financial powerhouse, mounting the
product range, focusing on innovative services, customer-centric
product offerings, and increasing its presence to become; Egypt’s
only private bank with a full-scale presence in the Gulf
region.
Forward Looking Statements
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 statements of
belief or intent, any statements concerning our plans, strategies,
and objectives for future operations 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. Elizabeth J. Zipf,
LEED AP BD+C Senior Vice President Hill International, Inc.
One Commerce Square 2005 Market Street, 17th Floor
Philadelphia, PA 19103 (215) 309-7707
elizabethzipf@hillintl.com
Hill International, Inc. Todd Weintraub Senior
Vice President and Chief Financial Officer (215) 309-7951
toddweintraub@hillintl.com
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