Contract worth 500 million euros signed at the Idex/Navdex show in Abu Dhabi

To Maestral, the Abu Dhabi-based shipbuilding joint venture composed of Fincantieri and Edge group active globally in the advanced technology and defense sector, the Tawazun Council has awarded an important “In-Service Support Strategic Partnership Project” for the entire fleet of the United Arab Emirates Navy.ٍاShipping Italy reported

The Tawazun Council

The Tawazun Council is an independent government body that works closely with the Ministry of Defense and security agencies in the UAE. The value of the agreement is approximately 500 million euros with a duration of five years.

Ceremony of contracts

The contract was announced by Hamad Al Marar, general director and managing director of Edge Group, Rodrigo Torres, financial director of Edge Group, Biagio Mazzotta, president of Fincantieri, Pierroberto Folgiero, managing director and general director of Fincantieri, and Dario Deste, general director of Fincantieri’s Military Ships Division.

Maestral – a joint venture

Maestral – a joint venture announced in May 2024, created with the aim of developing new opportunities in the naval sector, from the design to the construction and marketing of advanced naval units and services – will operate as a strategic industrial partner, managing the maintenance of the UAE Navy at 360 degrees with the aim of guaranteeing its maximum operational and logistical needs, while at the same time supporting, over the next five years, its transformation path towards new performance levels

Collaboration between Maestral  and Fincantieri

“This contract is testament to the trust placed by our major customer and key international stakeholders in Maestral‘s advanced capabilities. Thanks to the synergy with Fincantieri, we are certain that this collaboration will offer great opportunities thanks to which this joint venture – one of a kind – will be able to exploit all the resources and experience it has at its disposal to provide cutting-edge ships, turnkey solutions and maintenance services throughout the entire life cycle, guaranteeing commercial successes for all partners involved.” said Hamad Al Marar, Managing Director and CEO of Edge Group.

Support the UAE Navy as a trusted partner

 Pierroberto-Folgiero_ CEO and general manager of Fincantieri, said: “This agreement represents a fundamental step for Fincantieri’s growth in the region and reinforces our constant commitment to developing excellent industrial partnerships. It also reflects the shared vision and synergy between Fincantieri and Edge through the Maestral JV. We are proud to support the UAE Navy as a trusted partner, ensuring continuous support, cutting-edge technologies and top-level maintenance services, capable of meeting the constantly evolving needs of modern naval operations.”

Strategic Partnership Project

The In-Service Support Strategic Partnership Project will see close collaboration between Fincantieri and Edge Group company, Abu Dhabi Shipbuilding, as part of the Maestral joint venture. This unique synergy will make it possible to enhance the combined skills of the shipyards, leveraging extensive technical, engineering and management know-how to guarantee the highest level of efficiency and performance for the UAE Navy

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Press -Release

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