Kleindienst Group headquartered in Dubai – the visionary developer of The Heart of Europe project and a leading global business conglomerate with a diverse portfolio comprising property development, construction, hospitality, property brokerage, and corporate business centres – has signed a strategic Memorandum of Understanding (MoU) with RAK Ports to establish a maritime facility in the emirate of Ras Al Khaimah.

This state-of-the-art shipyard will comprise of four sections. The first section called the “Viking” section – will include the design and construction of a 144-meter giga-yacht, the first ever of its kind to be built outside of Europe.

With the construction of this giga-yacht, Ras Al Khaimah will join the ranks of the Netherlands, Germany, and Italy, as the fourth region in the world capable of constructing giga-yachts, and the first destination in the entire GCC region capable of building giga-yachts. It is worth noting that currently there are less than 100 giga-yachts across the entire world.

Josef Kleindienst, Founder and Chairman of Kleindienst Group, stated, “We are thrilled to partner with RAK Ports in this groundbreaking venture. This collaboration underscores our commitment to advancing the marine industry and fostering economic growth in the UAE. Ras Al Khaimah’s strategic location and conducive investment environment make it an ideal hub for our ambitious maritime and shipbuilding projects.”

The second sections of the shipyard include a “Coral Garden” section, which focuses on the construction of The Heart of Europe’s first-of-its-kind underwater living experience in the form of the Floating Seahorse Villas, the Floating Venice resort, the Floating Lido hotel, floating solar systems, and – as the name indicates – coral gardens and reefs transported from The Heart of Europe project – a $6 billion six-island destination within The World Islands, located 6 kms off the coast of Dubai.