The Egyptian Alexandria Shipyard (ASY) and the Italian shipbuilder Fincantieri signed a memorandum of understanding (MoU) on the sidelines of DIMDEX (4-6/3/2024) in Doha.
The Egyptian Navy is said to be interested in securing a transfer of technology (TOT) agreement to locally manufacture warships as part of the MoU.
The note provides a comprehensive overview of the following aspects:
- The aspects of the MoU
- The technology and shipbuilding equipment to be localized and imported to Egypt
- The type of warship that Egypt is looking to localize its production
The note also highlights a potential deal between ASY and Fincantieri for warship acquisition.
