Announce Euro 400mn order for ten Naval Vessels
EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, recently signed an agreement today formalising the launch of MAESTRAL an Abu Dhabi-based shipbuilding Joint Venture (JV) between both companies.
The signing of the agreement was immediately followed by the announcement of a large order by UAE Coast Guard Forces for ten technologically advanced 51m Offshore Patrol Vessels (OPVs), valued at Euro 400mn.
The P51MR Class 51m OPVs, based on the mission-proven Saettia Class, are state-of-the-art vessels characterised by their high modularity, stability in rough sea conditions, low radar signal signature, and high operational flexibility.
Dignitaries
The signing ceremony took place in the presence ofHH Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and was attended by Faisal Al Bannai, Chairman, EDGE Group; Matteo Perego di Cremnago, Italian Undersecretary of State for Defense; Admiral Enrico Credendino, Chief of the Italian Navy; Hamad Al Marar, Managing Director & CEO, EDGE Group; Dr. Pierroberto Folgiero, CEO & Managing Director, Fincantieri Group; and Dr. Dario Deste, General Manager of the Naval Vessels Division, Fincantieri.
“This deal opens up opportunities for MAESTRAL to promote an extensive portfolio of diverse maritime solutions, including a complete series of technologically advanced vessels, to navies and coast guards around the world,” remarked Al Bannai.
“This signing ceremony represents concrete evidence of how this Joint Venture is an industrial platform of great value, which will allow us not only to seize the opportunities arising in a strategic market such as the UAE,” concluded Folgiero.
