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Wednesday, March 20, 2024

Egypt: ASY-Fincantieri MoU and TOT agreementnote

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.


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