Qatar Navigation Q.P.S.C. (Milaha), a leading maritime and logistics solutions provider in the region, has signed a strategic Memorandum of Understanding (MoU) with Fincantieri, one of the world’s largest high-complexity shipbuilding groups. The agreement sets the framework for potential collaboration in areas such as marine services, project management, and technology integration.
The signing ceremony took place in Doha. Representing Fincantieri were CEO and Managing Director Pierroberto Folgiero and Dario Deste, General Manager of the Naval Vessels Division. Representing Milaha were H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, Chairman of the Board, and Group CEO Mr. Fahad Saad Al-Qahtani.
Both companies expressed a mutual interest in exploring opportunities aligned with Qatar’s national development objectives, particularly in strengthening sovereign capabilities in the maritime sector.
Mr. Fahad Saad Al-Qahtani, Milaha Group CEO, stated: “The signing of this MoU represents a significant step for Milaha in advancing its strategic objectives as a Qatari company aligned with national priorities. Collaborating with a global leader such as Fincantieri provides access to advanced international expertise while supporting the development of sustainable capabilities within Qatar. This partnership will facilitate localisation, promote industrial autonomy, and enable effective knowledge transfer, in line with the goals of Qatar National Vision 2030. It also reinforces Milaha’s commitment to enhancing its position as a regional maritime entity operating to international standards. Through this agreement, Milaha reaffirms its role as a key contributor to national development and a reliable partner in supporting the country’s long-term maritime ambitions.”
Pierroberto Folgiero, CEO and Managing Director of Fincantieri, commented: “This agreement marks a further step in the consolidation of Fincantieri’s presence in a region of strategic importance for the development of advanced shipbuilding and maritime services. Qatar is a key partner with whom we have built a long-standing relationship. Our collaboration with Milaha reflects our shared ambition to move forward on this path, leveraging our industrial and technological expertise to support the country’s maritime sovereignty and contribute to the goals outlined in Qatar Vision 2030.”
The agreement represents a milestone for Milaha as it continues to expand its logistics and naval support capabilities in alignment with Qatar Vision 2030, which emphasizes economic diversification and sustainable development.
For Fincantieri, the partnership strengthens its role as a trusted industrial partner in Qatar’s evolving maritime sector. The collaboration combines Fincantieri’s expertise in shipbuilding, digitalization, and sustainability with Milaha’s established local presence and operational excellence. Together, the companies aim to contribute to the creation of a competitive, integrated, and future-ready maritime ecosystem in Qatar.