Milaha and Fincantieri Forge Strategic Alliance to Shape Qatar’s Maritime Horizon
Qatar Navigation Q.P.S.C. (“Milaha”), the premier provider of maritime and logistics services in the area, has entered into a strategic Memorandum of Understanding (MoU) with Fincantieri, one of the largest and most complex shipbuilding establishments globally, with operations spanning four continents. The MoU delineates a framework for prospective collaboration in sectors such as marine services, project administration, and technology amalgamation.
Present at the signing ceremony in Doha on behalf of Fincantieri were Chief Executive Officer and Managing Director, Pierroberto Folgiero, and Dario Deste, General Manager of the Naval Vessels Division. Representing Milaha was H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, Milaha Chairman, along with Group Chief Executive Officer Mr. Fahad Saad Al-Qahtani.
Both entities have articulated a mutual intent to investigate further prospects that align with Qatar’s national developmental goals, especially in augmenting sovereign capabilities within the maritime industry.
Mr. Fahad Saad Al-Qahtani, CEO of Milaha Group, remarked: “The signing of this MoU signifies a landmark progression for Milaha in furthering its strategic ambitions as a Qatari enterprise in harmony with national interests. Partnering with a global frontrunner like Fincantieri grants access to superior international expertise while fostering the growth of sustainable capabilities within Qatar. This collaboration will aid in localization, enhance industrial independence, and promote effective knowledge exchange, in alignment with the aspirations of Qatar National Vision 2030. Furthermore, it bolsters Milaha’s dedication to reinforcing its status as a regional maritime leader operating to global standards. Through this pact, Milaha reaffirms its vital role as a significant player in national growth and a dependable collaborator in realizing the nation’s long-term maritime aspirations.”
Pierroberto Folgiero, CEO and Managing Director of Fincantieri, commented: “This agreement represents an additional stride in fortifying Fincantieri’s footprint in a region of critical importance for the advancement of sophisticated shipbuilding and maritime services. Qatar is a crucial ally with whom we have cultivated a lasting relationship. Our cooperation with Milaha embodies our shared ambition to progress along this path, utilizing our industrial and technological acumen to bolster the country’s maritime sovereignty and aid in achieving the goals outlined in Qatar Vision 2030.”
The endorsement of this MoU signifies a substantial leap in Milaha’s mission to transform logistics and naval support capabilities in the region while contributing to the economic diversification objectives articulated in Qatar Vision 2030.
For Fincantieri, this agreement solidifies its role as a trusted industrial ally, supporting Qatar’s aspiration to develop a high-value and self-reliant maritime industry. In partnership with Milaha—Qatar’s foremost maritime and logistics firm—this collaboration harmonizes Fincantieri’s established expertise and cutting-edge technical capabilities in shipbuilding, digital innovation, and sustainability with Milaha’s profound local knowledge and operational excellence. Collectively, both companies are excellently positioned to foster the creation of an integrated, competitive, and forward-looking maritime ecosystem in the nation.
