Mubadala and Fincantieri will engage in collaborations to develop


Abu Dhabi / Trieste, December 15, 2021 Mubadala Investment Company PJSC (Mubadala) and Fincantieri have signed a Memorandum of Understanding (MoU) to launch potential collaborations in the field of advanced technologies and services in the naval, maritime and industrial sectors.

The agreement was signed by Abdulla Abdul Aziz Al Shamsi, responsible for UAE new initiatives in Mubadala, and Giuseppe Giordo, general manager of the Fincantieri Naval Vessels division.

The two groups will work together through specialized subsidiaries to jointly advance a number of leading industrial and innovation projects. In addition, studies to identify other areas of collaboration, such as the development of integrated industrial services for waste processing platforms for small and medium-sized commercial and industrial installations, will be carried out within the framework of the circular economy. Mubadala, through its subsidiary Sanad, will also offer after-sales services for Fincantieri products as well as other original equipment products.

Commenting on the importance of this collaboration, Abdulla Abdul Aziz Al Shamsi, noted: “As a long-term responsible investor and active player in the global energy transition sector, Mubadala has long been the pioneer and champion of a balanced energy mix thanks to a holistic and diversified energy portfolio in the United Arab Emirates and to abroad. Through this agreement, we are committed to advancing the role that innovation in energy technologies can play in meeting future energy demand with our partners at Fincantieri and other technology developers, operating companies and sharing the same ideasorganizations“.

Giuseppe Bono, CEO of Fincantieri, commented: “This is a first step in strengthening our presence in the United Arab Emirates, and is a demonstration of the great versatility of our Group, which today is able to offer unique management skills and technologies in Naval, Maritime and Industrial sectors. Through this agreement, we will leverage our mutual know-how and investment capabilities to identify projects of common interest in the UAE and contribute to the development of advanced technological fields in the country.“.


About the investment company Mubadala

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the government of Abu Dhabi. by Mubadala $ 243.4 billion (AED 894 billion) spans six continents with interests in multiple industries and asset classes. We leverage our deep industry expertise and long-standing partnerships to generate sustainable growth and earnings, while supporting the continued diversification and global integration of the UAE economy. Based in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.

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About Fincantieri

Fincantieri is one of the largest shipbuilding groups in the world, the only one active in all sectors of the high-tech maritime industry. It is a leader in the construction and conversion of cruise ships, naval vessels, oil and gas and offshore wind turbines, as well as the production of equipment systems and components, after-sales services and marine interior solutions. Thanks to the expertise developed in the management of complex projects, the Group has leading references in infrastructure, and is a benchmark player in digital technologies and cybersecurity, electronics and advanced systems.

With over 230 years of history and over 7,000 ships built, Fincantieri maintains its know-how, expertise and management centers in Italy, employing 10,000 workers here and creating around 90,000 jobs, which are doubling worldwide. thanks to a production network of 18 shipyards operating in four continents and with more than 20,000 employees.


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