MARLTON, N.J. & DUBAI, United Arab Emirates -- Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has been selected by Ilyas and Mustafa Galadari Management Investment & Development L.L.C. as construction manager for the AED 3.0 billion
MARLTON, N.J. & DUBAI, United Arab Emirates -- Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has been selected by Ilyas and Mustafa Galadari Management Investment & Development L.L.C.
The Mall of Arabia, part of the AED 8.8 billion ($2.4 billion) City of Arabia project in the heart of Dubailand, is one of the world's largest and most ambitious retail developments. The mall will be directly linked to the Restless Planet dinosaur theme park, the village atmosphere of the Wadi Walk canals and other areas of the City of Arabia via three monorail stations. The Mall of Arabia project will comprise a perimeter of 2.3 km (1.4 miles), employ up to 16,000 workers at the peak of construction and anticipates a need for at least 2 million cubic feet of concrete. Construction is expected to begin in December 2007 and be completed by April 2010.
"We are delighted to appoint Hill International as construction managers," said Ilyas Galadari, Chairman of Ilyas & Mustafa Galadari Group. "We have had a long standing relationship with Hill since 2005 when we appointed them as project managers for the City of Arabia development, and we have every trust and confidence in Hill's ability to manage the construction of the mega Mall of Arabia as we take this innovative and challenging project forward," he added.
"A project as revolutionary, diverse and exceptional as City of Arabia needs to be carefully managed," said Mustafa Galadari, Vice Chairman and Managing Director of Ilyas & Mustafa Galadari Group. "Working with the best people is paramount to success and we believe that Hill International is the right partner with a level of understanding and experience to bring the Mall of Arabia development to fruition," he added.
"The Mall of Arabia is a hallmark project for the City of Arabia master development," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We look forward to continuing our strong relationship with our client on this world-class project," Ghali added.
The Mall of Arabia, part of the AED 8.8 billion ($2.4 billion) City of Arabia project in the heart of Dubailand, is one of the world's largest and most ambitious retail developments. The mall will be directly linked to the Restless Planet dinosaur theme park, the village atmosphere of the Wadi Walk canals and other areas of the City of Arabia via three monorail stations. The Mall of Arabia project will comprise a perimeter of 2.3 km (1.4 miles), employ up to 16,000 workers at the peak of construction and anticipates a need for at least 2 million cubic feet of concrete. Construction is expected to begin in December 2007 and be completed by April 2010.
"We are delighted to appoint Hill International as construction managers," said Ilyas Galadari, Chairman of Ilyas & Mustafa Galadari Group. "We have had a long standing relationship with Hill since 2005 when we appointed them as project managers for the City of Arabia development, and we have every trust and confidence in Hill's ability to manage the construction of the mega Mall of Arabia as we take this innovative and challenging project forward," he added.
"A project as revolutionary, diverse and exceptional as City of Arabia needs to be carefully managed," said Mustafa Galadari, Vice Chairman and Managing Director of Ilyas & Mustafa Galadari Group. "Working with the best people is paramount to success and we believe that Hill International is the right partner with a level of understanding and experience to bring the Mall of Arabia development to fruition," he added.
"The Mall of Arabia is a hallmark project for the City of Arabia master development," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We look forward to continuing our strong relationship with our client on this world-class project," Ghali added.
Hill International, with 1,500 employees in 70 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 10th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release may include 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 weather 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.
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