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Abu Dhabi: Abu Dhabi-based conglomerate Al Farida Investments LLC on Tuesday signed a contract with Ricco Forte Hotel Group under which Eurpoe'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-horel.
'The project will be 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 said at a news conference here.
'We have raised finance from the National Bank of Abu Dhabi, our partner,' Shaikh Hamed added.
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