First official trade licence issued on The World, Dubai | First official trade licence issued on The World, Dubai -
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First official trade licence issued on The World, Dubai

United Arab Emirates: Wednesday, May 12 - 2010 @ 15:02

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 & 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 by Mr. Dawood Mohammed Ahmed –Commercial Registration Manager in CLD- Trakhees to Mr.Josef Kleindienst – CEO Kleindienst Group during a special ceremony on Germany island.

Chris O’Donnell, CEO of Nakheel, the master developer of The World project, commented on the milestone achieved by Kleindienst Group: “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.

“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.

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Wednesday, May 12- 2010 @ 15:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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