Italian Shipbuilder Fincantieri Partners with Saudi Arabia to Boost Maritime Sector
RIYADH: In a groundbreaking move, one of the world’s largest shipbuilders, Fincantieri, has joined forces with Saudi Arabia to enhance the Kingdom’s maritime industry, with a strong emphasis on sustainability and the advancement of “green shipping.”
Focusing on Vision 2030
At a conference themed “Where Vision Meets Maritime Excellence” in Riyadh, Fincantieri, a prominent Italian company and Europe’s leading shipbuilding group, showcased its dedication to supporting Saudi Arabia’s Vision 2030 agenda.
Collaboration and Commitment
The event brought together Saudi decision-makers from various sectors in Riyadh, along with Italian officials, to discuss potential collaborations. Fincantieri CEO Pierroberto Folgiero emphasized the company’s commitment to partnering with Saudi entities in alignment with Vision 2030 goals.
Innovation and Sustainability
Known for its innovative approach, Fincantieri plays a pivotal role in the naval, cruise, and oil and gas sectors. Folgiero stressed the importance of developing eco-friendly ships to reduce the environmental impact of maritime activities, supporting Saudi Arabia’s aim to achieve net-zero emissions by 2060.
Embracing New Technologies
Digitizing shipyard operations through cutting-edge technologies like AI is also on Fincantieri’s agenda, aligning with the objectives of Vision 2030. Folgiero emphasized the company’s focus on energy transition and new technologies to enhance competitiveness and sustainability in the maritime sector.
Building a Sustainable Future
Undersecretary of State for Foreign Affairs at the Italian Ministry of Foreign Affairs and International Cooperation, Maria Tripodi, highlighted the importance of sustainability in business operations. Fincantieri’s zero carbon emission ships contribute to environmental protection and preservation of marine ecosystems.
Localizing Operations for Success
Deputy Minister for Industry Affairs at the Saudi Ministry of Industry and Mineral Resources, Khalil Ibrahim bin Salamah, underscored the significance of localization in the industry. He emphasized the importance of the entire supply chain, not just key components, in driving success and sustainability in the maritime sector.