Hill International to Provide Construction Management Services for the Marina Towers Project in New Alamein City
Hill International (NYSE:HIL) has been chosen by City Edge Development to manage construction for its flagship mixed-use project in New Alamein City, Egypt. This development includes three residential towers and two additional towers for hospitality and commercial purposes, ranging from 30 to 40 floors each. Covering an 80,000 SM site with a total built-up area of 490,000 SM, the project aims to enhance Egypt's tourism landscape. Completion is targeted for 2025, and Hill International emphasizes its expertise in overseeing complex high-rise construction projects.
- Hill International secured a major contract with City Edge Development, enhancing its portfolio.
- The project covers a significant area of 80,000 SM and entails substantial construction management services.
- Completion by 2025 could benefit Hill's reputation in managing large-scale projects in North Africa.
- Potential risks include unfavorable global economic conditions affecting project feasibility.
PHILADELPHIA and CAIRO, Egypt, March 22, 2022 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was selected by City Edge Development on behalf of New Urban Communities Authority (NUCA) to provide Construction Management services for its flagship mixed-use project in the New Alamein City, North Coast, Egypt. The project is one of the most prominent developments in New Alamein City and will feature three residential towers, a commercial tower, and a hospitality tower, each ranging from 30-40 floors. The Hill International team will provide construction management services for the construction stages including project controls, contract administration, construction management, and commissioning. The project is expected to be concluded in 2025.
Sited on a premier seafront location, the towers occupy an 80,000 SM plot. Once complete, the Towers will entice visitors from around the world with its pristine shoreline and numerous activities and entertainments. The project is divided into two packages: Package 1 consists of the three residential towers of 30, 35, and 35 floors each, along with a three-level podium housing amenities and services. The total built up area of Package 1 is 275,000 SM. Package 2 consists of a 40-floor hospitality tower and a 40-floor commercial tower, with a three-level podium housing commercial, retail, dining services, and other amenities, with a total built up area of 215,000 SM.
Waleed Abdel-Fatah, Senior Vice President of Hill’s Africa region, explains: “New Alamein City represents a bold vision for Egypt’s tourism industry. The Marina Towers will complement the City’s Mediterranean coastline with luxury lodgings and accommodations and provide easy access to New Alamein’s other cultural and entertainment offerings. Our role as the project’s construction manager is to ensure this critical component of the mega-development is built according to plan and meets all budget, schedule, and quality goals.”
Hill Chief Executive Officer Raouf S. Ghali adds: “Hill enjoys a sterling reputation for managing complex, high-rise projects like the Marina Towers around the world, and in North Africa and the Middle East in particular. We understand how these mega-developments connect and interface with their sites and surroundings, and how to manage their construction successfully. I look forward to adding the Marina Towers as another achievement for Hill’s team in Egypt.”
About Hill International
Hill International, with more than 3,000 professionals in 100 offices worldwide, provides program management, project management, construction management, project management oversight, 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
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