Hill International Selected as Construction Manager for $1.4 Billion Rising
Sun Taipei City in China
MARLTON, N.J. & CHONGQING, China, Nov. 12, 2012 (GLOBE NEWSWIRE) -- Hill
International (NYSE:HIL), the global leader in managing construction risk,
announced today that it has been selected by Rising Sun International Real
Estate Venture Investment LLC as construction manager for the first phase of
the $1.4 billion Rising Sun Taipei City development in Chongqing, China.
Hill's five-year contract has an estimated value of approximately $10.0
Rising Sun Taipei City is located in Xiyong, near the Comprehensive Bonded
Zone of Chongqing where both the IT industry district and the university town
are located. The development will be approximately 1.09 million square meters
(11.7 million square feet) of built-up area including a shopping mall,
exhibition center, residences and other amenities.
"This development marks Hill's first major project management assignment in
China," said Abdo E. Kardous, Senior Vice President and Managing Director
(Asia/Pacific) for Hill's Project Management Group. "We are proud to have
been selected for this assignment and our team will work hard to ensure a
successful project for our client," added Kardous.
Rising Sun International Real Estate Venture Investment LLC currently manages
a fund that invests primarily in Chinese real estate, including land
acquisition, project development, purchase of residential and commercial real
estate and other related businesses. For more information on Rising Sun,
please visit their website at www.rsicfund.com.
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
The Hill International, Inc. logo is available at
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.
CONTACT: Hill International, Inc.
John P. Paolin
Vice President of Marketing and Corporate Communications
The Equity Group Inc.
Senior Vice President
Hill International, Inc. Logo
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