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Fincantieri signs naval MoU with Qatar MoD

24th January 2020 - 15:30 GMT | by Shephard News Team

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Fincantieri has signed a Memorandum of Understanding (MoU) with the Ministry of Defence (MoD) of Qatar through Barzan Holding for Qatar Emiri Naval Forces support, the company announced on 24 January.

Barzan Holding is owned by the Qatari MoD, and is responsible for strengthening the military capabilities of the national armed force in the state.

According to Fincantieri the MoU could lead to ‘a future acquisition of new vessels’ in 2020.

The programmes covered by the MoU include, among others, the design, construction and management of the naval base; whole warship fleet management; the application of new technologies such as digital radar and cybersecurity; as well as the supply of naval vessels and submarines.

In the context of further strengthening its positioning in the Middle East, Fincantieri has established Fincantieri Services Middle East in Doha, which will be the focal point for all the services and after sales activities on the naval vessels built by the group for Qatar.