Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Libyan Organization for the Development of Administrative Centers to provide pre-construction and design management services on behalf of the Libyan Ministry for Higher Education in connection with 27 new university campuses across Libya. The one-year contract has an estimated value to Hill of approximately $11.5 million.
The $5 billion program is expected to be completed by December 2011. The campuses will range in size and diversity, accommodating 2,500 to 13,500 students in various regions throughout the country. The design of each campus is unique, respecting each location’s history, culture and environment.
“This is an extremely significant development effort for Libya,” said Raouf S. Ghali, President of Hill’s Project Management Group (International). “We are honored to have been selected for such an important assignment,” Ghali added.
Hill International, with 2,000 employees in 70 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 11th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release includes certain statements that fall within the definition of “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors’ and clients’ actions, and other conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill’s filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management’s belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management’s belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
(HIL-G)
Contacts:
John P. Paolin, 856-810-6210
Vice
President of Marketing and Corporate Communications
johnpaolin@hillintl.com
or
The
Equity Group Inc.
Devin Sullivan, 212-836-9608
Senior Vice
President
dsullivan@equityny.com
