First trade licence awarded to The World project
Dubai, May 12, 2010
The first trade licence for business operations on The World islands project in Dubai has been granted to Kleindienst Group, owner and developer of The Heart of Europe project.
A luxury holiday project, The Heart of Europe, is made up of six islands that when complete will house private holiday homes, apartment buildings, hotels, floating palaces and a diverse range of retail, entertainment and food and beverage outlets.
“The Heart of Europe project has been a groundbreaking one – not only literally, when we became the first developer in the world to begin construction on The World, but also metaphorically now as the owners of the very first trade licence to be issued for the development. We are delighted to part of Dubai’s history,” said Josef Kleindienst, CEO of Kleindienst Group.
Awarded by Trakhees, the Government Department for Planning & Development within the Ports, Customs and Free Zone Corporation, the trade licence was handed over by Dawood Mohammed Ahmed, commercial registration manager in CLD, Trakhees, to Kleindienst during a special ceremony on Germany island.
Chris O’Donnell, CEO of Nakheel, the master developer of The World project, said: “The award of the first trade licence on The World is a momentous occasion for both Nakheel and, more importantly, for Kleindienst Group. We congratulate Mr Kleindienst on achieving yet another milestone.”
Construction on the first two islands began in February this year, with completion of 20 luxury villas on Germany island scheduled for the end of Q1 2011. Thirteen villas are already sold. Development of the full project will be complete in 2015, said a statement.
“In the true manner of Austrian hospitality (Austria is my home country), the majority of hotels and restaurants there are family-run establishments. With our licence for The Heart of Europe we can continue this tradition of owning and operating our own hotels and restaurant outlets,” said Kleindienst. – TradeArabia News Service