The Italian group reiterates its strong interest in this region and its willingness to explore new business opportunities in its three main business segments

Fincantieri has announced the signing of a series of Memorandum of Understanding (MoU) in Saudi Arabia. These agreements underline the company’s interest in this region following the establishment of its subsidiary Fincantieri Arabia for Naval Services in 2024.according Shipping Italy

Fincantieri’s strategic commitment

A note explains that “the agreements reached testify to Fincantieri‘s strategic commitment to promoting innovation, sustainability and industrial development through a series of collaborations with Saudi entities and international partners.

Vision 2030 program

In line with the Vision 2030 program launched by Saudi Arabia, these partnerships will strengthen Fincantieri‘s role and its status as the only shipbuilding complex in the world active in all sectors of high-tech shipbuilding, thanks to a business model with strong vertical integration and a great experience in the cruise, offshore and defense sectors.”

Explore new business opportunities

Pierroberto Folgiero, CEO and General Manager of Fincantieri, commented on the agreements reached: “With these agreements we want to reiterate our strong interest in this region and our willingness to explore new business opportunities in our three main business segments, defense first and foremost.

A global hub for maritime technology

Saudi Arabia is quickly establishing its role as a global hub for maritime technology, and we are proud to collaborate with Saudi companies to make our capabilities available to them in various fields. Together, we will promote innovation and sustainability to achieve the ambitious goals of the Vision 2030 program”.

Priorities of the Kingdom’s Vision 2030

it is noteworthy that Themed “Where Vision Meets Maritime Excellence” in Saudi Arabia in May 2024, the event attracted Saudi government and industry decision-makers in Riyadh to hear from Fincantieri CEO Pierroberto Folgiero as he highlighted the Group’s vision, strategy, and services that meet the strategic interests and priorities of the Kingdom’s Vision 2030 in partnership with local entities.

About : Fincantieri 

Fincantieri is one of the largest shipbuilding companies in the world, with over 230 years of history and more than 7,000 ships built. They are leaders in all high value added segments: cruise ships, defence vessels, and specialized offshore vessels. They are a reference player for major cruise operators, the exclusive supplier for the Italian Navy, a partner of the US Navy and numerous foreign navies, and a key player in some of the most important European Defence partnership programs.

They are a reference player for major cruise operators, the exclusive supplier for the Italian Navy, a partner of the US Navy and numerous foreign navies, and a key player in some of the most important European Defence partnership programs.

Specialize in ship repairs

They specialize in ship repairs and conversions, the production of systems and components for the mechanical and electrical sectors, naval interior design solutions, electronic and software systems, infrastructure, marine projects, and post-sales support services.

They are an international company with headquarters and expertise based in Italy. We have 10,000 employees and generate approximately 90,000 jobs, which double on a global scale thanks to a production network consisting of 18 facilities on four continents.

Related :The new 54,300 Gt Viking Vela ship was delivered by Fincantieri

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