Qatar Navigation Q.P.S.C. (“Milaha”), The leading provider of maritime and logistics solutions in the region, has signed a strategic Memorandum of Understanding (MoU) with Fincantieri, one of the world’s largest high-complexity shipbuilding groups, with operations across four continents. The MoU outlines a framework for potential cooperation in areas such as marine services, project management, and technology integration.
Attending 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 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 parties have expressed a shared intent to explore further opportunities that support Qatar’s national development objectives, particularly in enhancing sovereign capabilities within the maritime sector.
Mr. Fahad Saad Al-Qahtani, Milaha Group CEO, stated: “The signing of this MoU represents a significant step for Milaha in advancing its strategic objectives as a Qatari company aligned with national priorities. Collaborating with a global leader such as Fincantieri provides access to advanced international expertise while supporting the development of sustainable capabilities within Qatar.
This partnership will facilitate localisation, promote industrial autonomy, and enable effective knowledge transfer, in line with the goals of Qatar National Vision 2030. It also reinforces Milaha’s commitment to enhancing its position as a regional maritime entity operating to international standards. Through this agreement, Milaha reaffirms its role as a key contributor to national development and a reliable partner in supporting the country’s long-term maritime ambitions.”
Pierroberto Folgiero, CEO and Managing Director of Fincantieri commented: “This agreement marks a further step in the consolidation of Fincantieri’s presence in a region of strategic importance for the development of advanced shipbuilding and maritime services. Qatar is a key partner with whom we have built a long-standing relationship. Our collaboration with Milaha reflects our shared ambition to move forward on this path, leveraging our industrial and technological expertise to support the country’s maritime sovereignty and contribute to the goals outlined in Qatar Vision 2030.”
The signing of this MoU represents a significant advancement in Milaha’s mission to redefine logistics and naval support capabilities in the region while contributing to the economic diversification goals outlined in Qatar Vision 2030.
For Fincantieri, this agreement strengthens its position as a trusted industrial partner, supporting Qatar’s ambition to build a high-value and self-sufficient maritime sector. In collaboration with Milaha - Qatar’s leading maritime and logistics company- this partnership brings together Fincantieri’s consolidated know-how and advanced technological capabilities in shipbuilding, digitalization, and sustainability with Milaha’s deep-rooted local expertise and operational excellence. Together, both companies are ideally positioned to contribute to the development of an integrated, competitive, and future-ready maritime ecosystem in the country.
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 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with almost 22,000 employees. (Photo © Milaha)
