UAE's EDGE Group & Italy's Fincantieri form joint venture MAESTRAL for a $434M order of 10 offshore patrol vessels from the UAE Coast Guard.
The UAE's EDGE Group and Italy's Fincantieri have formed a joint venture, MAESTRAL, with a 434 million order for 10 offshore patrol vessels (OPVs) from the UAE Coast Guard. The joint venture aims to capture global opportunities in naval vessel design and manufacturing, with EDGE holding a 51% stake. The 51-meter OPVs, based on the Saettia-class, are valued at $434 million and offer high modularity and stability in rough seas.
May 20, 2024
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