Hill International Announces Two Awards to Support Landmark Developments for Aldar Properties Projects in Abu Dhabi: The Grove and Al-Reeman

Rhea-AI Summary

Hill International (NYSE:HIL) has been awarded project management consultancy for two major developments in Abu Dhabi, UAE, by Aldar Properties. The projects include Phase 1 of The Grove Project, featuring over 440,000 SM of residential and commercial space, expected to complete by December 2024, and Phase 2 of Al-Reeman, anticipated for early 2026. Hill aims to leverage its expertise to enhance the living and shopping experience in the region, showcasing the return of construction activities in the Middle East post-pandemic.

Positive

• Award of project management consultancy for two significant projects improves Hill's revenue potential.
• The Grove Project and Al-Reeman developments highlight increasing construction activity in the UAE.

Negative

• Completion dates for both projects stretch out to 2026, indicating long-term commitments.
• Potential risks associated with global economic conditions may impact project realization and costs.

PHILADELPHIA and ABU DHABI, United Arab Emirates, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was selected by Aldar Properties, PJSC, to provide project management support for two landmark projects in Abu Dhabi, UAE: Phase 1 The Grove Project and Phase 2 of the Al-Reeman residences and Reeman Living.

The Grove Project encompasses The Grove Heart, The Louver Apartments, and The Dunes Villas. Located in Abu Dhabi City in the Saadiyat Cultural District, the Grove is within easy reach of several notable attractions, including the Abu Dhabi Louvre, Guggenheim, and Sheikh Zayed National Museum. Once complete, the Grove will be linked through its surrounding plazas to these museums and will also offer access to a variety of world-class retail, resort, and other cultural destinations. This includes branded residential buildings, a shopping mall, a leisure area, a town square and a cinema complex. Ultimately, Phase 1 of the Grove Project will encompass more than 440,000 SM built-up area of Residential and Commercial facilities forming the Grove Heart and Louver Apartments, with an expected completion date of December 2024, and over 45,000 SM built-up area of the Dunes 83 Villas, with an expected completion date of November 2023. Hill will provide Project Management Consultancy (PMC) services for the Grove, including project management, construction management, HSE management, cost and schedule control, document control, and other as-needed support.

Al-Reeman continues Aldar’s vision of blending modern design and living standards with the core values of the UAE. The development is located in the southeast area of Abu Dhabi City with quick access to Shawamekh and Abu Dhabi International Airport. For residents, Al-Reeman offers a variety of living options. These options including designing and building a custom home on a single plot, apartments ranging from 25 SM to 100 SM, and villas ranging from 300 SM to more than 500 SM. Amenities include bicycle paths, nurseries, mosques, and community centers. Completion of Phase 2 is anticipated for early 2026, while the apartments in Reeman Living is anticipated by 2024. Hill’s support for Al-Reeman will include project and construction management, working on-site as Aldar’s Owner’s Representative.

Hill Senior Vice President Samer Tamimi, PE, PMP, said of projects: “Saadiyat Grove and Al-Reeman will transform the way UAE residents and visitors live, stay, shop, and play. Hill specializes in managing these complex, ambitious, mixed-use developments for our clients throughout the Middle East, and we will bring our expertise and experience to help ensure Aldar’s vision is realized for this first phase of the Grove and the critical second phase of Al-Reeman.”

Hill Chief Executive Officer Raouf S. Ghali adds: “With construction activity returning to pre-pandemic levels in the Middle East, Hill is exceptionally well-positioned to manage mega-developments like the Grove and Al-Reeman. We expect to see increasing activity throughout the UAE in the coming months, especially in large-scale infrastructure and development programs and projects like these latest awards.”

About Hill International

Hill International, with more than 3,000 professionals in over 100 offices worldwide, provides program management, project management, construction management, project management oversight, construction claims, dispute resolution, advisory, facilities management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as one of the largest construction management firms in the United States. For more information on Hill, please visit our website at www.hillintl.com.

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
(215) 309-7707
elizabethzipf@hillintl.com

The Equity Group, Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com

FAQ

What are the details of Hill International's new projects in Abu Dhabi?

Hill International will manage Phase 1 of The Grove Project and Phase 2 of Al-Reeman, with completion expected in 2024 and 2026 respectively.

How will the Grove Project benefit Abu Dhabi?

The Grove Project will enhance the cultural and retail landscape in Abu Dhabi, connecting to major attractions.

What is the expected completion date for The Grove Project?

Phase 1 of The Grove Project is expected to be completed by December 2024.

When will Phase 2 of Al-Reeman be completed?

Phase 2 of Al-Reeman is anticipated to be completed in early 2026.

What services will Hill International provide for these projects?

Hill will provide project management consultancy, including construction management and cost control, for both projects.