Business | Tourism
Rocco Forte to manage Al Farida hotel project
Abu Dhabi-based conglomerate Al Farida Investments LLC yesterday signed a contract with Rocco Forte Hotel Group, under which Europe's major luxury hotel brand will manage Bridgeway, Al Farida's Dh600 million mixed-use development in Abu Dhabi, which includes a high-end luxury hotel.
- By Himendra Mohan Kumar, Staff Reporter
- Published: 17:49 February 5, 2008
Abu Dhabi: Abu Dhabi-based conglomerate Al Farida Investments LLC on Tuesday signed a contract with Rocco Forte Hotel Group, under which Europe's major luxury hotel brand will manage Bridgeway, Al Farida's Dh600 million mixed-use development in Abu Dhabi, which includes a high-end luxury hotel.
“The project will get completed by September 2009. We have already started the construction," Shaikh Hamed Bin Ahmed Al Hamed, managing director and chief executive officer of Al Farida told a news conference here.
“We have raised finance from the National Bank of Abu Dhabi, our partner," Shaikh Hamed added.
Share this article
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
It costs a million to raise a child
Generation Z doesn't leave home at 18, but stay with the parents until mid-20s
-
Investing in funds doesn't come cheap
Many people are unaware of the effect of different expenses on their returns
-
Firm turns televised events into marketing dream
Drops anchor in Dubai to sell world's richest yachting races
