Fincantieri and ASRY sign industrial cooperation agreement

Bahrain-based ASRY (Arab Shipbuilding & Repair Yard) and Fincantieri have signed a partnership agreement aimed at exploring new opportunities for collaboration in the shipbuilding sector.

The signing took place on the sidelines of the recent 46th Gulf Cooperation Council Summit in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain, and Italian Prime Minister Giorgia Meloni.

The two companies will jointly assess opportunities for the design and construction of surface naval vessels up to 80 meters in length for domestic use by the Bahrain Navy and the Coast Guard.

Signed by ASRY CEO Dr Ahmed Al Abri and Eugenio Santagata, general manager of the naval vessels division of Fincantieri, the partnership agreement will also explore the design and construction of similar-sized offshore units, as well as potential export contracts in the Arab Gulf region.

Additionally, the two companies will collaborate on maintenance, repair, and overhaul (MRO) services for naval, commercial, and offshore vessels, as well as the exchange of know-how in ship design and production processes optimization.

Pierroberto Folgiero, CEO and managing director of Fincantieri, said: “This agreement strengthens our strategic position in the Gulf and confirms Fincantieri’s desire to develop long-term industrial partnerships with leading partners such as ASRY. By combining complementary skills and converging visions, we are laying the foundations for a solid and structured presence in the Bahraini shipbuilding market, in line with the objectives of our integrated export platform in the Middle East.”

ADDITIVE MANUFACTURING

ASRY also signed a partnership agreement with Italian company Roboze, a leader in additive manufacturing technologies for high-performance super-polymers and composite materials.

The agreement will establish Bahrain’s first industrial facility dedicated to advanced additive manufacturing. The new smart plant will be located within ASRY’s facilities in Bahrain.

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