Hill International Appointed as Project Manager for Dhofar Beach Resort in
MARLTON, N.J. & SALALAH, Oman, Dec. 18, 2012 (GLOBE NEWSWIRE) -- Hill
International (NYSE:HIL), the global leader in managing construction risk,
announced today that it has received a contract from Taameer Investment to
provide project management services in connection with the Dhofar Beach Resort
in Salalah, Oman. The four-year contract has an estimated value to Hill of
approximately OMR 1.1 million ($2.7 million).
The estimated $111 million Taameer Investment project will be a beachfront
resort complex, featuring a five-star resort with 130 rooms, signature
restaurants, food and beverage outlets, leisure and water sports facilities,
meeting rooms, business center, retail outlets, health club and spa and a
ballroom. The resort will also provide an additional 85 state-of-the art
hotel apartments and 85 full exclusive VVIP villas. Total built-up area of
the project is approximately 80,000 square meters (866,000 square feet).
"The Dhofar Beach Resort once open will be a great attraction for business and
leisure travelers and we are proud to be involved in such a huge project which
is expected to boost the tourism industry in Oman," said Raouf S. Ghali,
President of Hill's Project Management Group (International).
The Dhofar Beach Resort project is been developed and owned by Taameer
Investment (S.A.O.C.) one of Oman's leading investment companies which has
various investments in the real estate, industrial, financial and service
sectors.Taameer Investment was established in 2006 and since then the company
has grown progressively to be one of the leading investment companies in Oman
by making effective contributions towards the national economic growth of the
Sultanate due to the solid determination, dedication and commitment of its
team of experts.
Hill International, with 3,400 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
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