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Forum - Wall Street Pit (HILL INTERNATIONAL - HIL)    Stock Due Diligence for All

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From: speculator (Rep: 2286)Date: 11/19/2012 14:25
Forum: Wall Street Pit - Msg #2332372 - List HIL msgs Thread #673476819 (Rec: 0)
Hill International Awarded $109 Million Contract to Manage Expansion of Muscat International and Salalah Airports in Oman
Press Release: Hill International, Inc. – 10 minutes ago
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HIL 3.11

MARLTON, N.J. and MUSCAT, Oman, Nov. 19, 2012 (GLOBE NEWSWIRE) -- Hill International (HIL), the global leader in managing construction risk, announced today that it has been awarded a contract by the Ministry of Transport and Communications and the Public Authority for Civil Aviation of the Sultanate of Oman to provide consulting engineering services in connection with the approximately OMR 2.0 billion ($5.2 billion) expansion and modernization of Muscat International and Salalah Airports. The two-year contract has an estimated value to Hill of approximately OMR 41.8 million ($108.5 million).
The expansion of Muscat International Airport, the largest airport in Oman, includes a new terminal that will have a capacity of 12 million passengers annually. The expansion of Salalah Airport, the second largest airport in Oman, involves upgrading it from primarily a domestic airport to make it more suitable for international travelers, including building a new runway long enough to handle the A380 Airbus, and a new terminal that will improve the airport's capacity to 1 million passengers annually.
"Expansion of Oman's two largest airports is important for the Sultanate's growth as a commercial and tourism destination in the Middle East," said Mohammed Al Rais, Senior Vice President and Managing Director (Middle East) for Hill's Project Management Group. "We are honored to have been selected to manage such important aviation projects," added Al Rais.
Hill International, with 3,300 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 www.hillintl.com.

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