Italian Shipbuilding Giant Sets Sail for Saudi Arabia with New Subsidiary

Italian Shipbuilding Giant Sets Sail for Saudi Arabia with New Subsidiary

Arabian Post -Italian shipbuilding leader Fincantieri SPA has announced the establishment of a subsidiary in Saudi Arabia, marking a significant step towards bolstering the kingdom’s maritime industry and aligning with its ambitious Vision 2030 development plan. This strategic move comes on the heels of Fincantieri’s recent joint venture with the UAE’s EDGE Group, solidifying the company’s commitment to expanding its footprint in the Middle East. Fincantieri Arabia, the newly […]

via Italian Shipbuilding Giant Sets Sail for Saudi Arabia with New SubsidiaryArabian Post -

Italian shipbuilding leader Fincantieri SPA has announced the establishment of a subsidiary in Saudi Arabia, marking a significant step towards bolstering the kingdom’s maritime industry and aligning with its ambitious Vision 2030 development plan. This strategic move comes on the heels of Fincantieri’s recent joint venture with the UAE’s EDGE Group, solidifying the company’s commitment to expanding its footprint in the Middle East.

Fincantieri Arabia, the newly formed entity, aims to collaborate with local partners and contribute to Saudi Arabia’s economic diversification goals. The subsidiary will focus on a three-pronged approach:shipbuilding, maritime equipment and systems, and naval logistic support services. This comprehensive strategy is designed to not only deliver high-quality vessels but also create job opportunities and transfer