Fincantieri signs MoU to extend Maestral undersea tech partnership in UAE

Fincantieri has signed a new memorandum of understanding (MoU) with the UAE's Edge Group that extends and builds upon the agreement signed in November 2024 in Paris regarding underwater technologies.

This enhanced cooperation aims to further strengthen the partnership between the two companies, through their Abu Dhabi-based shipbuilding joint venture Maestral.

"The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation," said the Edge Group.

The cooperation will be focused on the design, development and creation of unmanned systems for underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.

"The underwater domain is projected to reach $400 billion by 2030 as defence public needs for countries globally are rapidly evolving," said Pierroberto Folgiero, Fincantieri CEO and Managing Director.

"We will seek to deliver ground-breaking underwater solutions to meet future needs for [the UAE's] national capabilities.”