Hill International Selected as Construction Manager for $1.4B Rising Sun Taipei City in China
Hill International (NYSE: HIL), the global leader in managing construction risk, announced today 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," added Kardous.
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