Fincantieri and Alexandria Shipyard of Egypt signed a Memorandum of Understanding (MoU) on the sidelines of DIMDEX 2024, Qatar’s biennial maritime defence exhibition, which took place in Doha from 4-6 March.
General Manager of the Naval Vessels Division of Fincantieri, Dario Deste, and the Rear Admiral Hossam El-Din Ezzat Kotb, Chairman and CEO, on behalf of Alexandria Shipyard, signed the MoU.
The MoU aims at setting out the principles for discussions which will mainly focus on investigating new opportunities with the Alexandria Shipyard for new vessels to be built by the Alexandria Shipyard or other facilities, to be mutually agreed. The collaboration will focus on possible new Programs for the Egyptian Navy of any type of vessel of interest.
Both Fincantieri and the Alexandria Shipyard are looking for new joint businesses opportunities and to be awarded a contract, by a prospective customer, for the supply of any type of vessel of interest, to be agreed upon between them.
Alexandria Shipyard (ASY) was established in 1962 inside the free zone of Alexandria port. ASY is a pioneer company in shipbuilding, ship repair and heavy industries in Egypt and the Middle East. The total yard’s land area is about 400,000 m2 with total quays length of 1200 m.
Currently, the company is affiliated to the Marine industries & Services organization owned by the Egyptian Ministry of Defense. The company enjoys a unique position in the Arab region where it has built most commercial ships belonging to the Egyptian fleet. It has achieved success in other areas as well, including the construction of the largest ship ever built in Egypt with a capacity of 38,500 tons, and the completion of the only oil rig built to date in Egypt.
Fincantieri is one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems.
With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 10,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating in four continents and with almost 21,000 employees.
