Middle East Daily
    Hot News
    Business

    UAE’s Mira Developments invests $3mln in launching exclusive real estate company to attract global investors to MENA Market

    Lifestyle

    The Art of Stillness: Why Nolinski Venezia is the Summer Escape GCC Travellers Didn’t Know They Needed

    Business

    Shurooq’s luxury haven Ajwan raises high interest in luxury beachfront living at Khorfakkan

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Thursday, September 18
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign

      Legends Charity Game in Lisbon to raise millions for charity

      ECAE hosts third edition of the Universities Collaboration Forum

      J-PAL MENA AT AUC CELEBRATES FIVE YEARS OF EVIDENCE POLICYMAKING IN THE MIDDLE EAST AND NORTH AFRICA

      Khalifa Fund for Enterprise Development and 42 Abu Dhabi partner to host inaugural coding bootcamp ‘Piscine’ in Al Ain Region

    • Business

      Vision Bank receives Saudi Central Bank No Objection for official launch

      Ohana Development shines at the Arabian Property Awards 2025

      BEEAH to launch first phase sales of villas and townhouses in Khalid bin Sultan City

      Menassat Developments strengthens its position with a new launch built on a clear future vision

      ITIDA and NTI honor top students of the first phase of the Summer Training Program

    • Technology

      Yango Group introduces the bilingual AI assistant Yasmina in Oman

      Sony’s New NFL Coach’s Headsets are Set to Debut on the Sidelines for 2025 Season

      Player Protection in the Spotlight at SBC Summit 2025

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Du and Huawei renew partnership to accelerate Emiratisation and digital talent development in UAE

    • Lifestyle

      Dubai’s rise as the global capital of branded residences: Documented by Provident

      Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Yango Launches Enhanced Commuting Experience in Abu Dhabi and Sharjah with Transport Service

      Sony’s Ultimate Travel Tech Guide for a Smarter Summer

    Breaking News:
    • Vision Bank receives Saudi Central Bank No Objection for official launch
    • Ohana Development shines at the Arabian Property Awards 2025
    • BEEAH to launch first phase sales of villas and townhouses in Khalid bin Sultan City
    • Menassat Developments strengthens its position with a new launch built on a clear future vision
    • ITIDA and NTI honor top students of the first phase of the Summer Training Program
    • Qualcomm and HARMAN collaborate to advance generative AI in automotive
    • Capital for Securitization, a GB Capital subsidiary, achieves milestone with 40 securitization deals worth EGP 70bln
    • Meraki Developers announces launch of The Haven III, an exclusive residential community in the heart of Majan, Dubailand
    Middle East Daily
    Home » EDGE Group and Fincantieri Move to Jointly Develop Underwater Solutions
    Business

    EDGE Group and Fincantieri Move to Jointly Develop Underwater Solutions

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Abu Dhabi, UAE / Trieste, Italy/ Paris, France: November 2024 – EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, today signed a Memorandum of Understanding (MoU), opening new channels for strategic collaboration in the high-potential underwater domain. The MoU would see both groups collaborate on the design, development, and creation of advanced manned and unmanned underwater systems solution capability in the United Arab Emirates through their recently launched, Abu Dhabi-based shipbuilding joint venture, MAESTRAL. This preliminary agreement will pave the way and boost for developing sophisticated solutions tailored to the unique underwater needs of navies worldwide.

    This collaboration marks EDGE Group’s first venture into underwater domain, enabling both organisations to share expertise and leverage extensive technical and production resources to develop a range of innovative, interoperable manned and unmanned products – further advancing the UAE’s sovereign capabilities in cutting-edge defence technologies, for the benefit of the UAE and other navies worldwide.

    The MoU was signed by Hamad Al Marar, Managing Director & CEO, EDGE Group, Dr. Pierroberto Folgiero, CEO & Managing Director, Fincantieri Group, and witnessed by  Khaled Al Zaabi, President – Platforms & Systems, EDGE, Dario Deste, General Manager of the Fincantieri Naval Vessels Division together with other representatives of the Naval Vessels Division, at EURONAVAL, the world’s leading naval defence exhibition, currently being held in Paris.

    Pierroberto Folgiero, Fincantieri CEO and Managing Director, said: “This agreement between Fincantieri and EDGE underscores a commitment to pioneering advancements in underwater technologies, combining engineering excellence with a forward-thinking approach. The underwater domain presents unique challenges, from fluid dynamics to communication and autonomy, which demand innovative and resilient solutions. Together, we aim to develop systems that meet the highest standards of interoperability, addressing critical needs within both the defence and energy sectors. Our efforts are dedicated to setting new benchmarks in safety, resilience, and environmental responsibility in underwater operations, contributing significantly to both national capabilities and global maritime security”.

    Hamad Al Marar, Managing Director & CEO, EDGE, said: “In just five years, EDGE has boldly expanded its reach across every domain of advanced technology and defence. From the outset, we recognised that only through collaboration and partnership could we develop the technologies and expertise necessary for EDGE to lead in the air, land, sea, cyber, and space domains. Our ongoing partnership with Fincantieri exemplifies this strategy, opening limitless opportunities for both companies in the joint development and production of advanced surface and underwater naval solutions”.

    The MAESTRAL Joint Venture concentrates on sales, commercial operations, and engineering for design and service of surface and underwater vessels and products, while providing valuable employment opportunities for highly skilled local and international talent. 

    About EDGE:

    Launched in November 2019, the UAE’s EDGE is one of the world’s leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive.

    With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.

    About Fincantieri:

    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 over 22,000 employees.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Vision Bank receives Saudi Central Bank No Objection for official launch

    Business

    Ohana Development shines at the Arabian Property Awards 2025

    Business

    BEEAH to launch first phase sales of villas and townhouses in Khalid bin Sultan City

    Business

    Menassat Developments strengthens its position with a new launch built on a clear future vision

    Business

    ITIDA and NTI honor top students of the first phase of the Summer Training Program

    Business

    Qualcomm and HARMAN collaborate to advance generative AI in automotive

    Business

    Capital for Securitization, a GB Capital subsidiary, achieves milestone with 40 securitization deals worth EGP 70bln

    Business

    Meraki Developers announces launch of The Haven III, an exclusive residential community in the heart of Majan, Dubailand

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    Burjeel Holdings and South Korea-based CONNECTEVE Join Hands to Provide AI-Powered Orthopedic Assessment in the UAE

    Harnessing the power of artificial intelligence to advance orthopedic care in the UAE, Burjeel Holdings…

    Lifestyle

    “DRIVEN” A Docu-Series on Nasser Al-Attiyah Now Streaming Exclusively On TOD  

    Jordan, Amman – May 21, 2023: TOD, the MENA region’s streaming platform for sports and…

    Technology

    Acer Expands Chromebook Plus Laptop Lineup with New 14-Inch Model Powered by Intel Core Processors

    Acer today expanded its line of Chromebook Plus laptops with the Acer Chromebook Plus 514…

    Lifestyle

    ZEROFAT Marina Gate Launches An Exquisite New Brunch

    Discover the secrets of well-being with ZEROFAT’s newly unveiled brunch offer, exclusively available at the…

    Business

    Transforming Customer Experiences: Regional Brands Invest Big in AI and CX Infrastructure, Reveals CX Live Intelligence Report 2023

    Recognized as one of the top global events in the CX domain, The Customer Experience…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (375)
    • Lifestyle (124)
    • News (130)
    • Technology (89)
    Top Insights
    Business

    10 Korean STEM Fellows Engage with UAE National Experts on Future Cooperation

    Lifestyle

    Why Endless’s New Platform Is the Fashion Reset Dubai Has Been Waiting For

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.