Friday, June 21, 2024
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Fincantieri of Italy Establishes a Shipbuilding unit in Saudi Arabia to Strengthen Collaboration.

RIYADH: The Fincantieri an Italian shipbuilder, plans to strengthen ties with Saudi Arabia through a recently created unit, the company announced.

Fincantieri Arabia plans to support the Kingdom’s Vision 2030 goals for growth in the cruise, defence, and offshore sectors, according to a press release issued on the sidelines of an industrial conference in Riyadh. According to the press release, Fincantieri is the only shipbuilding company that operates in all high-tech marine industry sectors.

Additionally, Fincantieri stated that it intends to share its technological expertise in shipbuilding with the cruise, defence, and offshore sectors, opening up opportunities for Saudi nationals.

Pierroberto Folgiero, the firm’s CEO, stated, “Our commitment to the Kingdom of Saudi Arabia is unwavering. Fincantieri stands out in the shipbuilding industry because of its vertically integrated model and leadership in the naval, cruise, and oil and gas sectors. We are proud to provide these world-class capabilities based on decades of naval heritage and excellence to assist the Kingdom in meeting its Vision 2030 objectives.”

He added: “Considering the maritime industry’s critical role under Vision 2030, we eagerly anticipate forming strategic alliances. We hope these collaborations will strengthen local technological capabilities, create opportunities for Saudi talent, and promote knowledge transfer.

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