Non price-sensitive communications

Fincantieri and the Alexandria Shipyard (Egypt) signed a Memorandum of Understanding in Doha.

The MOU is aimed 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. The collaboration will focus on possible new Navy ships programs of different types.

The signing between the General Manager of the Naval Vessels Division of Fincantieri, Dario Deste, and the Chairman of Alexandria Shipyard, took place at the Doha International Maritime Defence Exhibition & Conference (DIMDEX).

The Alexandria Shipyard is the largest Shipyard in Egypt and Africa and one of the biggest shipyards among Arab countries. It has a long track record in the field of military and commercial shipbuilding industries by building modern corvettes for the Egyptian Navy. It builds various types and sizes of multipurpose vessels, offshore oil rigs and oil platforms.

Both Fincantieri and the Alexandria Shipyard are looking for new joint business 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.