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| 07 December, 2016

Kleindienst appoints main contractors for highly anticipated 'The Heart of Europe' a cluster of six islands on The World

Kleindienst appoints main contractors for highly anticipated 'The Heart of Europe' a cluster of six islands on The World

· JK Bauen to work in partnership with Wuchang and Sino Great Wall for The Heart of Europe's construction

· Wuchang and Sino Great Wall will be using their global experience jointly with JK Bauen to lead the construction, with JK Bauen applying the highest level of European building standards to the project

· The Heart of Europe will integrate sustainability into various aspects of the project, from the coral reef to the Floating Seahorse interiors

· Total value of construction projects worth AED4.8 billion

07 December 2016

Dubai, United Arab Emirates 07 December 2016 — Kleindienst, the biggest European real estate company in Dubai, is pleased to announce the appointment of JK Bauen Building Contracting, Wuchang Ship Building Industry Group Co. Ltd and Sino Great Wall International Engineering Co. Ltd.  for The Heart of Europe – a project comprising a cluster of six islands on The World.

The LOA, executed on 29th November 2016 by the The Heart of Europe Chairman Mr. Josef Kleindienst, Mr. Y Shaoxi and Mr. L Rong, formalises the awarding of construction projects worth AED4.8 billion. This follows the Strategic Cooperation Agreement and the formal MOU signed between these companies in Wuhan, China, earlier in the month.

Following the signing of the MOU, engineering staff from JK Bauen, Wuchang and Sino Great Wall have been actively working together to accelerate the mobilisation phase of the projects. The signing of the LOA will guarantee an immediate start of the resorts, hotels and infrastructure projects on the islands.

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The building firms will join forces to carry out the construction of all the hotels located on the The Heart of Europe’s main hub, Main Europe Island, villas on Germany Island, buildings and resort facilities on St Petersburg Island, as well as the buildings and infrastructure on the other three islands in the project.

JK Bauen, a boutique contractor specialising in high quailty projects following German building principals surrounding quality, safety and environmental standards, is the existing contractor for the prestigious Sweden Palaces on Sweden Island, construction of which is well underway.

The contractor specialises in providing superior material and will be responsible for dewatering, excavation, sheet piling, vibrocompaction, concrete structures, infrastructure and super structures, landscaping and hardscaping.

Due to the magnitude of the entire project, the company will work in partnership with International heavyweights Wuchang and Sino Great Wall to achieve a combination of the highest standards of build quality via the most efficient, time-effective methodology.

Founded in 1934, Wuchang has an impressive proven track record having worked on major projects worldwide such as the Wuhan Greenland Center which, once completed, is expected to be one of the tallest buildings in China, chemical tankers for Gulf Navigation Holding Maritime Ship Management and Operations, and a lifesize Chinese replica of the Titanic together with Sino Great Wall.

Sino Great Wall is ranked 2nd among China’s listed Decoration campanies, and in the top 10 ‘China Building Decoration Industry Top 100 Enterprises’ in terms of comprehensive strength. The company has experience in designing and constructing over one hundred five star projects, and has been awarded the Qualification for Contracting Overseas Projects awarded by the Ministry of Commerce of the People’s Republic of China.

This specific and significant broad experience marries well with JK Bauen’s marine, naval engineering, civil and buildings works planned for the The Heart of Europe project. Bringing together these companies and their significant level of expertise will enhance and expedite the successful completion of the project.

‘’We are thrilled to work with Kleindienst, The Heart of Europe and JK Bauen to participate in this innovative development. We have worldwide building experience since 1934 and are very pleased to contribute jointly with JK Bauen and Sino Great Wall to the construction of such an iconic project. We look forward to its completion before Expo2020,” said Zhong Wei, Vice Director of Industry Development Department, Wuchang.

JK Bauen will focus on building the Heart of Europe in an environmentally sustainable fashion. The design will boast a specialised insulation around the windows and doors, which will conserve up to 70 percent of electricity output, largely exceeding current standards for sustainable building. The project also features a coral nursery which will be home to 100,000 natural corals feeding a protected coral garden which, once completed, will cover a surface area of 5 million square feet.

“We share a vision with both Kleindienst and Wuchang that the Heart of Europe will be a luxury project unlike any other, in terms of design, construction quality and sustainability. We will keep all these factors in mind as the construction progresses so that standards are maintained throughout. Bringing together these companies and their significant level of expertise will enhance and expedite the successful completion of the project.” said Gianfranco Rasile, Chief Properties Officer at The Heart of Europe and JK Bauen.

“The combination of JK Bauen’s vision and Wuchang’s experience will work hand-in-hand to bring the Heart of Europe to life. From the Floating Seahorses to the hotels on Main Europe Island, the building quality greatly exceeds construction regulations in the Middle East with durable materials and superior technique,” commented Josef Kleindienst, Chairman of Kleindienst.

For more information on The Heart of Europe, please visit www.thoe.com or contact sales@thoe.com.

For any media enquiry, please contact kleindienst@grayling.com.

-Ends -

About Kleindienst

Kleindienst is an established real estate and property developer with global expertise spanning more than 30 years. Today Kleindienst is proud to be the biggest European real estate company in Dubai. The Group originally launched in Austria and Hungary as a property broker and investment company and has since expanded to offer a broad scope of large scale property developments and services across the entire real estate spectrum. Having achieved huge success in Europe, Kleindienst decided to expand into the Gulf region in 2003 and has since excelled to its position today as the European real estate company of choice in the UAE.

About The Heart of Europe

“The Heart Of Europe is an iconic, first-of-its-kind hospitality development located on The World, Dubai. The design is based on H.H. Sheikh Mohamed’s original vision for The World which comprises 3 key pillars – Maldivian island lifestyle, bringing the best of your culture to Dubai, and innovation. The Heart of Europe will be a truly unique holiday destination providing an authentic experience of some of Europe’s most charming and timeless features. The six stunning islands will be home to a variety of fantastic hotels, climate controlled plazas, authentic European cafes and restaurants, boutiques, a plethora of quality live entertainment and so much more! Dubai is synonymous with innovation, ambition, excitement and intrigue, and The Heart of Europe will be another iconic first for the city with a forward thinking vision!”

Josef Kleindienst, Chairman of The Heart of Europe.

About Wuchang Ship Building Industry Group Co. Ltd

Situated at south bank of Yangtze River in Wuhan, Wuchang Shipbuilding Industry Group Co., Ltd. was founded in 1934. It is a large-scale modernized shipbuilding and comprehensive manufacturing enterprise, as well as an important state product manufacturing base in Qindao and Wuhan of China, and a subsidiary of China Shipbuilding Industry Corporation.

About Sino Great Wall International Engineering Co. Ltd.

Sino Great Wall is ranked 2nd among China’s listed Decoration campanies, and in the top 10 ‘China Building Decoration Industry Top 100 Enterprises’ in terms of comprehensive strength. The company has experience in designing and constructing over one hundred five star projects, and has been awarded the Qualification for Contracting Overseas Projects awarded by the Ministry of Commerce of the People’s Republic of China.

© Press Release 2016