EDGE and Fincantieri expand MAESTRAL joint venture with MoU for underwater technologies
Italy, Feb. 25 -- EDGE, a leading advanced technology and defense group based in Abu Dhabi, and Fincantieri, a major Italian shipbuilding company, signed a new Memorandum of Understanding (MoU) on February 24 in Rome during the state visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Italy, according to Fincantieri's release.The agreement, building on a November 2024 pact in Paris, strengthens their Abu Dhabi-based shipbuilding joint venture, MAESTRAL, to focus on developing underwater technologies, aiming to position the United Arab Emirates (UAE) as a regional pioneer in underwater innovation.The MoU targets the design, development, and construction of unmanned systems for critical underwater infrastructure protecti...
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