Deal to develop the Kingdom’s maritime ecosystem
Fincantieri, a world leader in high-complexity shipbuilding, and the Saudi Arabian Ministry of Industry and Mineral Resources have signed a Memorandum of Understanding (MoU), aimed at fostering the development of and advanced, sustainable, and technologically driven maritime ecosystem, in line with the objectives of Saudi Vision 2030.
The agreement was recently signed in Riyadh by Pierroberto Folgiero, CEO and Managing Director, Fincantieri and by Saleh Shabab Al-Solami, CEO, Industrial Centre of the Ministry of Industry and Mineral Resources.
Strengthening cooperation
It marks a significant step in strengthening cooperation between Italy and Saudi Arabia in the industrial and technological domains, promoting the transfer of know-how and expertise to support the Kingdom’s long-term industrial transformation and diversification efforts
The partnership also foresees close coordination with specialized companies, educational institutions, and research centers, under the umbrella of the Saudi Industrial Center, to enhance capacity building in areas such as advanced marine systems integration, smart shipyard technologies, green propulsion systems, digital transformation, cybersecurity, and technical training.
“Our commitment is to generate lasting structural value for future generations and the economies of both our countries,” affirmed Folgiero.
