In the presence of Prime Minister Giorgia Meloni and His Royal Highness Salman Bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, Fincantieri and ASRY (Arab Shipbuilding & Repair Yard), a leading operator in the services of ship and marine repair in the Bahrain Gulf, signed today a partnership agreement aimed at exploring new opportunities for collaboration in the shipbuilding sector. The signing took place on the fringes of the 46th Sumit of the Gulf Cooperation Council.
Present for Fincantieri were President, Biagio Mazzotta, and Eugenio Santagata, General Manager of the Military Ships Division, who signed the agreement together with Ahmed AlAbri, Chief Executive Officer of ASRY. This agreement represents an important opportunity for Fincantieri to enter the Bahrain naval market and constitutes a further step in consolidating the Group’s strategy and presence in the Middle East, also through a possible collaboration with MAESTRAL, the joint venture between Fincantieri and EDGE.
Under the Memorandum of Understanding, the two companies will jointly evaluate opportunities for the design and construction of naval military units up to 80 meters in length, intended for use by the Bahrain Navy and Coast Guard. The partnership will also explore the design and construction of offshore units of similar size, in addition to executing export contracts in the Gulf area. The agreement also includes maintenance, repair, and overhaul (MRO) services for military, commercial, and offshore units, as well as the exchange of expertise in naval design and process optimization.
Pierroberto Folgiero, CEO and General Manager of Fincantieri, stated: _’This agreement strengthens our strategic positioning in the Gulf and confirms Fincantieri’s desire to develop long-term industrial collaborations with leading partners like ASRY. By joining complementary skills and converging visions, we lay the groundwork for a solid and structured presence in the Bahrain naval market, in line with the objectives of our integrated export platform in the Middle East area.’_
Source and photo credit @Fincantieri
