Hill International Selected as the FM Managing Consultancy for Tatweer Building Company

Rhea-AI Summary

Hill International (NYSE:HIL) has been awarded a Facilities Management consultancy contract by the Tatweer Building Company, representing the Saudi Ministry of Education. This contract will cover two headquarters buildings and administrative structures in Riyadh, alongside 2,000 educational facilities in the Eastern Province.

The scale of operations is significant, with TBC managing over 6,000 sites. This engagement aims to enhance educational standards in Saudi Arabia, reflecting Hill's commitment to delivering international FM practices.

Positive

• Awarded contract for managing FM consultancy services for prestigious projects in Saudi Arabia.
• Engagement includes managing over 6,000 facilities, indicating a substantial growth opportunity.
• Support for Saudi Ministry of Education's initiative to improve educational standards.

Negative

• None.

PHILADELPHIA and RIYADH, Saudi Arabia , Jan. 12, 2021 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it was awarded the contract to provide Facilities Management (FM) consultancy services to act as the Managing Agent for the Tatweer Building Company (TBC), which represents the Saudi Ministry of Education. This award consists of three main projects: two prestigious headquarters buildings in Riyadh, Riyadh Schools and associated administrative buildings, which consist of more than 2,000 facilities, and Eastern Province schools plus administrative buildings totaling another 2,000 facilities.

Hill International’s project staff will mobilize to deliver each of the above projects to the highest international facilities management standards and practices. Though similar, each project presents unique challenges, from geographical dispersion to local service provider management.

The current portfolio has more than 6,000 sites and TBC is scaling up their operations to accommodate the complete portfolio as part of the Ministry of Education’s goal of transforming the current educational system. The Saudi Ministry of Education is striving to deliver the best class of education for its students.

“As education is important to all of us, we are very pleased with this great opportunity to enable us to showcase our FM skills and raise the bar in the delivery standards within the region by applying our best international practices,” says Brian Murphy, Hill’s Director of Facilities Management.

“This is an important win for Hill International as these projects come with a great cause and will have a significant impact in the region. I am confident that Hill’s FM team will bring its most skillful resources and talents,” says Raouf Ghali, Hill’s Chief Executive Officer.

About Hill International

Hill International, with approximately 2,700 professionals in more than 69 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-largest construction management firm 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 new contract did Hill International secure in January 2021?

Hill International secured a Facilities Management consultancy contract with the Tatweer Building Company to manage projects for the Saudi Ministry of Education.

How many facilities will Hill International manage under the new contract?

Hill International will manage over 6,000 educational facilities as part of the contract with the Tatweer Building Company.

What does the new contract involve for Hill International?

The contract involves managing two headquarters buildings and associated administrative structures in Riyadh, as well as educational facilities in the Eastern Province.

What is the significance of Hill International's new contract?

The contract is significant as it supports the Saudi Ministry of Education's goal of transforming educational standards in the region.

When was the contract awarded to Hill International?

The contract was awarded on January 12, 2021.