Tag Archives | contract

Hill Intl Shares Jump on $1.5b Iraq Deal

Shares in Hill International (NYSE:HIL) jumped 59% on Thursday following the company's announcement that it has received a contract from TRAC Development Group, a South Korean real estate developer, to provide project management and construction management services in connection with a major housing development in Iraq. In addition, Hill's majority-owned subsidiary HillStone International, LLC has […]

Korean Company Wins $3bn Contract in Basra

South Korea's STX Heavy Industries has signed a $3bn deal to build a steel plant and gas-fired power station in Basra. The power plant will have a capacity of 500MW, while the steel plant should output 3m tons annually. The Iraqi State Company for Iron and Steel will take charge of operating the plant after […]