MARLTON, N.J. and MEXICO CITY, Jan. 28, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from BBVA Bancomer to provide construction management services in connection with the bank's new Operating Center in Mexico City, Mexico.
The BBVA Bancomer Operating Center, designed by world-renowned architecture firm Skidmore, Owings & Merrill, is to be built in the Parques Polanco complex on Avenida Mariano Escobedo at Laguna de Mayran, on a site stretching 13,400 square meters (144,000 square feet). The building will be 137 meters (450 feet) high, with 32 floors, and is expected to house approximately 4,500 employees in 150,000 square meters (1.6 million square feet) of office space. Construction of the building is expected to be completed in 2012.
"We are extremely proud of being assigned to this project, one of the largest developments in Mexico City, and for a client we have served worldwide for many years," said Jose Manuel Albaladejo Canedo-Arguelles, Hill's Vice President for Latin America. "Hill's continuous presence in the country and throughout the region has allowed us to build a team of construction professionals that deliver world-class services to our clients, and this new contract is in many ways a recognition of this," Albaladejo added.
BBVA Bancomer, the largest financial institution in Mexico, is an affiliate of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA), a global financial group based in Spain that offers individual and corporate customers the most complete range of financial and non-financial products and services. BBVA employs 104,000 people in over 30 countries around the world, has more than 47 million customers and 900,000 shareholders. For more information on BBVA, please visit their website at www.bbva.com.
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 www.hillintl.com.
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Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
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