Hill wins Masdar mixed-use development contract

expat network

Hill wins Masdar mixed-use development contract

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.

Source: www.hillintl.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.