Qatar Navigation Q.P.S.C. (“Milaha“), a foremost provider of maritime and logistics solutions in the region, has signed a strategic Memorandum of Understanding (MoU) with Fincantieri, one of the world’s major shipbuilding groups specialized in the construction of highly complex ships, operating in four continents. The agreement outlines a framework for potential cooperation in areas like maritime services, project management, and technological integration.
Present at the signing ceremony in Doha were Pierroberto Folgiero, CEO and General Manager of Fincantieri, and Dario Deste, General Manager of the Military Ships Division for Fincantieri. Participating for Milaha were the Group’s Chairman, His Excellency Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, and the Group’s CEO, Fahad Saad Al-Qahtani.
Both parties expressed the shared willingness to explore further opportunities in support of Qatar’s national development goals, with a specific focus on strengthening the sovereign capabilities of the maritime sector.
Pierroberto Folgiero, CEO and General Manager of Fincantieri, commented: “This agreement represents another step in consolidating Fincantieri’s presence in a region of strategic importance for the development of advanced shipbuilding and maritime services. Qatar is a key partner with whom we have built a lasting relationship. The collaboration with Milaha reflects our shared ambition to continue on this path, leveraging our industrial and technological know-how to support the country’s maritime sovereignty and contribute to the objectives outlined in the Qatar National Vision 2030.”
Fahad Saad Al-Qahtani, CEO of the Milaha Group, stated: “The signing of this MoU is an important step for Milaha in pursuing our strategic objectives as a Qatari company aligned with national priorities. Collaborating with a global leader like Fincantieri allows access to advanced international competencies and at the same time encourages the development of sustainable capabilities within Qatar. This partnership facilitates localization, promotes industrial autonomy, and enables effective knowledge transfer, in line with the goals of the Qatar National Vision 2030. It also reaffirms Milaha’s commitment to strengthening its role as a regional maritime operator in compliance with international standards. With this agreement, Milaha affirms its contribution to national development and its reliability as a partner for the country’s long-term maritime ambitions.”
The signing of this MoU represents a significant evolution in Milaha’s mission to redefine logistics and naval support capabilities in the region, contributing simultaneously to the economic diversification objectives outlined in the Qatar Vision 2030.
For Fincantieri, this agreement strengthens its position as a reliable industrial partner, supporting Qatar’s ambition to develop a high added-value and self-sufficient maritime sector.
In collaboration with Milaha – the leading Qatari company operating in the maritime and logistics sector – this partnership combines Fincantieri’s seasoned know-how and advanced technological capabilities in shipbuilding, digitalization, and sustainability, with Milaha’s deep local context knowledge and operational excellence.
Working together, both companies are in the ideal position to contribute to the development of an integrated, competitive, and future-oriented maritime ecosystem in the country.
Source and photo credit @Fincantieri
