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Hill International Selected as Construction Manager for $1.4 Billion Rising Sun Taipei City in China

PM INDUSTRY NEWS

24 November 2012 – Marlton, New Jersey, USA and Chongqing, China — Hill International announced on 12 November 2012 that it has been selected by Rising Sun International Real Estate Venture Investment LLC as construction manager for the first phase of the $1.4 billion Rising Sun Taipei City development in Chongqing, China.  Hill’s five-year contract has an estimated value of approximately $10.0 million.

Rising Sun Taipei City is located in Xiyong, near the Comprehensive Bonded Zone of Chongqing where both the IT industry district and the university town are located.  The development will be approximately 1.09 million square meters (11.7 million square feet) of built-up area including a shopping mall, exhibition center, residences and other amenities.

“This development marks Hill’s first major project management assignment in China,” said Abdo E. Kardous, Senior Vice President and Managing Director (Asia/Pacific) for Hill’s Project Management Group.  “We are proud to have been selected for this assignment and our team will work hard to ensure a successful project for our client.”

Rising Sun International Real Estate Venture Investment LLC currently manages a fund that invests primarily in Chinese real estate, including land acquisition, project development, purchase of residential and commercial real estate and other related businesses.  For more information on Rising Sun, visit www.rsicfund.com.

Hill International (NYSE:HIL), 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, visit www.hillintl.com.

Source: Hill International