Hill International Seizes 35% Market Share In Egypt
Hill International manages the construction of a number of projects in Egypt with investment cost of more than EGP 2 billion most notably; Qatar’s Barwa project, Grand Egyptian Museum, Nile Ritz Carlton Hotel, Crédit Agricole’s headquarters, Porto Sokhna project, Secon Nile Towers, Novotel Hotel and Arab Banking Corporation’s headquarters, said Waleed Abdel Fattah, Senior Vice President & Regional Manager – North Africa Region at Hill International.
The investment cost of projects managed by the company around the world reached US$ 500 billion, he added.
Abdel Fattah affirmed that the company executes and delivers the projects in accordance with international standards and on time. He revealed that the company targets to execute Nile Ritz Carlton Hotel and Crédit Agricole’s headquarters in 2013, adding that the company has a market share of 35% in this sector in Egypt.
He noted that the real estate investors await the country’s economic and political situations to be stable, so the government has to finalize the settlements being conducted from two years in a fair way so as to regain investors’ confidence in the Egyptian market.
Hill International, one of the global leaders in managing construction risk, has presence in about 45 countries with about 110 offices.
The company was 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 (US$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 (US$108.5 million).
The company is also the project manager for major expansion of Bahrain International Airport and Jabal Omar Development in Saudi Arabia as well as towers in China, Vietnam and Pakistan and four towers, a hotel and a mall in Algeria with investment cost of US$ 800 million.
