Complex Made Simple

Ricco Forte agrees to manage Al Farida project

Abu Dhabi-based conglomerate Al Farida Investments has signed a deal with Ricco Forte Hotel Group under which the European luxury hotel brand will manage Bridgeway, Al Farida's Dhs600m ($163m) mixed use development in Abu Dhabi, which includes a high-end luxury-hotel. Shaikh Hamed Bin Ahmed Al Hamed, managing director and chief executive officer of Al Farida, said construction of the project has already begun and is slated for completion by September 2009.