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Fincantieri pledges to support Saudi with shipbuilding expertise

Fincantieri CEO and MD Pierroberto Folgiero promised to enhance local technological capabilities, transfer knowledge, and create opportunities for local talent in Saudi Arabia
Fincantieri today committed to enhance Saudi shipbuilding through a new Saudi subsidiary, Fincantieri Arabia. 

The announcement was made at the Fincantieri Industrial Conference. 

Themed ‘Where Vision Meets Maritime Excellence,’ it attracted Saudi government and industry decision-makers in Riyadh to hear from Fincantieri CEO and MD, Pierroberto Folgiero, as he highlighted the yard’s vision, strategy, and services that meet the strategic interests and priorities of the Kingdom’s Vision 2030 in partnership with local entities.

Fincantieri will transfer technological expertise for shipbuilding in cruise, defense, and offshore sectors, and create opportunities for Saudi nationals.

Commitment ‘steadfast’

Folgiero said, ‘Our commitment to the Kingdom of Saudi Arabia is steadfast. Fincantieri stands out in the shipbuilding industry for its vertically integrated model and our leadership across naval, cruise, and oil and gas sectors. We are proud to offer these world-class capabilities built on decades of naval heritage and excellence to help the Kingdom achieve its Vision 2030 objectives.’ 

He added, ‘Given the maritime industry's pivotal role under Vision 2030, we eagerly anticipate establishing strategic partnerships. Through these collaborations, we aim to enhance local technological capabilities, create opportunities for Saudi talent, and foster knowledge exchange.’ 

Fincantieri Arabia

Fincantieri Arabia will promote Fincantieri’s transversal capabilities in shipbuilding, maritime equipment and systems; naval logistic support services, including training and simulation; coordinate stakeholder relationships in the Kingdom; and identify local partners. 

Shipbuilding plays a pivotal role in Saudi Vision 2030 as the Kingdom fosters new industrial sectors in its transition towards a more sustainable and diversified economy.

Folgiero elaborated on Fincantieri’s focus on developing green ships, in line with the Kingdom’s commitment to achieving net-zero emissions by 2060, and digitizing shipyard operations through innovations such as digital twins, artificial intelligence, welding robots, and unmanned vehicles.