Dubai-based developer Kleindienst Group has signed a strategic agreement with RAK Ports for the establishment of a maritime facility which will fabricate floating residences and a giga-yacht in Ras Al Khaimah.

This state-of-the-art shipyard will comprise four sections – Viking, Coral Garden, Tug and Ferry, said the developer.

The first section, Viking will be involved in the design and construction of a 144-m 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 Netherlands, Germany, and Italy, as the fourth region in the world capable of building giga-yachts, and the first destination in the GCC capable of doing so.

Group Founder and Chairman Josef Kleindienst said: “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.

The second section, Coral Garden, will focus 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 km off the coast of Dubai.

The third section ‘Tug’ will handle the construction of barges, supply and transportation vessels, with plans to more than double the group’s current fleet.

Finally, the “Ferry” section will be dedicated to passenger transportation, fishing boats, as well as sailing and diving boats.