MARLTON, N.J. and RIYADH, Saudi Arabia, Dec. 20, 2010 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract to provide project management services for the new Al Rajhi Bank headquarters building in Riyadh, Saudi Arabia. The three-and-a-half year contract has an estimated value to Hill of approximately SAR 9.6 million ($2.6 million).
The 44-story tower, designed by renowned architecture firm Skidmore, Owings & Merrill, is expected to be completed by April 2014. When complete, the tower will contain approximately 77,000 square meters (832,000 square feet) of office space plus an adjacent six-story parking structure of approximately 69,000 square meters (743,000 square feet). Hill has completed the project design development strategy, and will now provide project management services for the completion of the design and during all construction phases of the project.
"We are honored that Al Rajhi Bank has selected Hill for this project," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We are confident that our team will exceed our client's expectations on this assignment," Ghali added.
Hill International, with 2,600 employees in 90 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 .
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