Edge and Fincantieri Launch Multi-Billion Euro Naval Venture

Edge and Fincantieri Launch Multi-Billion Euro Naval Venture

Abu Dhabi – Edge, a global advanced technology and defense group based in Abu Dhabi, and Fincantieri, one of the world’s largest shipbuilding companies, have officially launched a multi-billion euro joint venture (JV). The agreement, solidified during a recent visit to Rome, aims to capitalize on global shipbuilding opportunities, particularly in the manufacturing of sophisticated naval vessels. Under the terms of the agreement, Edge will hold a […]

via Edge and Fincantieri Launch Multi-Billion Euro Naval Venture

Abu Dhabi – Edge, a global advanced technology and defense group based in Abu Dhabi, and Fincantieri, one of the world’s largest shipbuilding companies, have officially launched a multi-billion euro joint venture (JV). The agreement, solidified during a recent visit to Rome, aims to capitalize on global shipbuilding opportunities, particularly in the manufacturing of sophisticated naval vessels.

Under the terms of the agreement, Edge will hold a controlling 51% stake in the venture, boasting a commercial pipeline valued at approximately 30 billion euros. Fincantieri, renowned for its shipbuilding prowess, will provide management direction for the JV. Notably, the Abu Dhabi-based venture is strategically positioned to secure prime rights to non-NATO orders, leveraging UAE Government-to-Government (G2G) arrangements and export credit financing packages. This includes strategic orders from