Rocco Forte to manage Al Farida hotel project

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.