Hill International, the global leader in managing construction risk, announced today that it has received a contract from Abu Dhabi Future Energy Company PJSC (Masdar) to provide project management services during construction of the Masdar Institute Neighborhood, a development within Masdar City located in Abu Dhabi, United Arab Emirates. The three-year contract has an estimated value to Hill of approximately AED 12.2 million ($3.3 million).
Masdar City is an emerging global hub for renewable energy and clean technologies. As a free zone it offers benefits to registered companies such as 100% foreign ownership, zero tax and zero import tariffs. The Masdar Institute Neighborhood will provide residential and commercial resources to people and companies located within Masdar City.
The Masdar Institute Neighborhood is a mixed-use development that will contain more than 103,000 square meters (1.1 million square feet) of space. The development will feature a commercial office building, two residential buildings, underground parking and a plaza. The project is anticipated to achieve a “three pearls” rating for Estidama requirements as well as LEED Gold certification.
“Masdar City is a model for sustainable urban development not just regionally but globally,” said Mohammed Al Rais, Regional President (Middle East) for Hill’s Project Management Group. “We are extremely proud to have been selected to help Masdar deliver this important project,” added Al Rais.
About Hill International
Hill International, with 4,300 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States.