Fincantieri Launches New Unit in Saudi Arabia to Boost Collaboration
Italian shipbuilder Fincantieri is ramping up its partnership with Saudi Arabia through the establishment of a new unit, Fincantieri Arabia. The company aims to support the Kingdom’s Vision 2030 development agenda in the cruise, defense, and offshore sectors.
Wide-Ranging Capabilities in Shipbuilding and Maritime Equipment
Fincantieri Arabia will showcase the group’s extensive capabilities in shipbuilding, maritime equipment, and naval logistic support services, including training and simulation. The goal is to strengthen stakeholder relationships in Saudi Arabia and identify local partners for collaboration.
Technological Expertise for Saudi Nationals
Fincantieri plans to share its technological expertise in shipbuilding across various sectors, creating opportunities for Saudi nationals. CEO Pierroberto Folgiero emphasized the company’s commitment to the Kingdom and its readiness to contribute to Vision 2030 objectives.
Strategic Partnerships and Growth in the Middle East
The state-controlled Fincantieri has been expanding its presence in the Middle East, with a focus on defense and maritime industries. The recent joint venture with Abu Dhabi-based EDGE Group and a contract with the UAE’s Coast Guard Forces demonstrate the company’s strategic positioning for growth in the region.