UAE’s EDGE Group and the Italian shipbuilder Fincantieri signed on 21/2/2024 a joint venture (JV) agreement, putting the Emirati defense conglomerate on track to locally manufacture Fincantieri’s vessels.
The following note provides a comprehensive overview of the following aspects:
- The details of the agreement
- The warships the UAE will be manufacturing under the JV
- The license specifications regarding modifications and exports
- The potential foreign clients for the JV’s products
