“Milaha and Fincantieri Forge a Pioneering Alliance for Qatar’s Maritime Evolution”

Qatar Navigation Q.P.S.C. (“Milaha”), the foremost supplier of aquatic and logistical solutions within the area, has formalized a strategic Memorandum of Understanding (MoU) with Fincantieri, one of the globe’s largest high-complexity shipbuilding organizations, with activities spanning four continents. The MoU delineates a structure for possible collaboration in fields such as maritime services, project management, and technology amalgamation.

Present at the signing event in Doha for Fincantieri were Chief Executive Officer and Managing Director, Pierroberto Folgiero, along with Dario Deste, General Manager of the Naval Vessels Division. From Milaha, representations included H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, Milaha Chairman, and Group Chief Executive Officer Mr. Fahad Saad Al-Qahtani.

Both entities have conveyed a mutual desire to investigate additional opportunities that bolster Qatar’s national development aims, especially in augmenting sovereign capacities within the maritime domain.

Mr. Fahad Saad Al-Qahtani, Milaha Group CEO, remarked: “The execution of this MoU signifies a major milestone for Milaha in progressing its strategic aims as a Qatari firm in line with national priorities. Partnering with an international leader such as Fincantieri provides entry to advanced global expertise while fostering the growth of sustainable capabilities within Qatar. This alliance will encourage localization, promote industrial independence, and facilitate effective knowledge exchange, per the objectives of Qatar National Vision 2030. Additionally, it strengthens Milaha’s dedication to enhancing its stature as a regional maritime entity operating to global standards. Through this agreement, Milaha reaffirms its role as a vital contributor to national progress and a dependable partner in supporting the nation’s long-lasting maritime aspirations.”

Pierroberto Folgiero, CEO and Managing Director of Fincantieri, stated: “This contract signifies a further advancement in the solidification of Fincantieri’s presence in a region of strategic significance for the evolution of advanced shipbuilding and maritime services. Qatar is a vital ally with whom we have established a long-term association. Our collaboration with Milaha showcases our aligned ambition to advance along this path, utilizing our industrial and technological knowledge to reinforce the country’s maritime sovereignty and contribute to the aspirations articulated in Qatar Vision 2030.”

The execution of this MoU marks an essential progression in Milaha’s mission to transform logistics and naval support capabilities within the region, while contributing to the economic diversification objectives outlined in Qatar Vision 2030.

For Fincantieri, this accord fortifies its position as a reliable industrial partner, backing Qatar’s goal to establish a high-value and self-sufficient maritime sector. In synergy with Milaha – Qatar’s premier maritime and logistics company – this partnership amalgamates Fincantieri’s extensive expertise and progressive technological capabilities in shipbuilding, digitalization, and sustainability with Milaha’s well-established local knowledge and operational excellence. Together, both organizations are suitably equipped to contribute to the creation of an integrated, competitive, and future-ready maritime ecosystem within the nation.