Fincantieri-Edge Joint Venture to Manage UAE Navy Fleet

Rome: The UAE’s defence and security acquisition authority, has assigned to Maestral, the Abu Dhabi-based shipbuilding joint venture between Fincantieri and Edge, an In-Service Support Strategic Partnership Project for the entire Navy fleet of the United Arab Emirates, Fincantieri and Edge announced in a statement on Monday.

According to Ansa News Agency, Tawazun Council is an independent government entity that works closely with the Ministry of Defence and security agencies in the United Arab Emirates. The value of the agreement is approximately 500 million euros over a five-year period.

Maestral will serve as the Industrial Strategic Partner, overseeing comprehensive maintenance management of the UAE Navy to meet key operational and logistical needs, the statement said.