Milaha and Fincantieri join forces to boost Qatar’s shipbuilding power
Picture this: you’re walking along the Corniche in Doha and spot a modern shipyard bustling with activity. No foreign flags, no imported expertise. Just Qatari-built ships, made with Qatari know-how. That vision is now a step closer to reality.
Qatar Navigation (Milaha) has signed a major deal with Fincantieri, one of the world’s largest shipbuilders. Together, they aim to strengthen Qatar’s maritime sector in a big way.
What’s the deal about?
Milaha and Fincantieri have signed a Memorandum of Understanding (MoU). It may sound vague, but it’s basically an official “we want to work together” agreement.
They’re focusing on three things:
- Improving marine services
- Carrying out joint projects
- Applying advanced technologies
Imagine a ship maintained in Qatar, using Italian software, operated by locally trained engineers. That’s the future they’re building together.
Why is this important for Qatar?
This aligns perfectly with Qatar National Vision 2030—a long-term plan to make the country less dependent on oil and gas. Think more local production, homegrown expertise, and sustainable growth.
Milaha CEO Fahad Saad Al-Qahtani put it clearly: “This partnership brings world-class knowledge to Qatar and helps us grow stronger from within.” His message? We don’t just want to buy—we want to build and understand.
What’s in it for investors?
If you’re investing in companies that support Qatar’s future, this is one to watch. Milaha is showing serious intent to grow, innovate, and stay sustainable. And Fincantieri? They’re strengthening their presence in a region that’s becoming more important for maritime trade and tech.
Who was at the table?
During the signing ceremony in Doha, major figures were present:
- For Milaha: H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani and CEO Fahad Saad Al-Qahtani
- For Fincantieri: CEO Pierroberto Folgiero and Naval Vessels GM Dario Deste
They spoke with confidence about a shared future. “We’re combining our strengths to build something big,” said Folgiero.
What could this lead to?
This deal could be the beginning of:
- New shipyards in Qatar
- Jobs for local engineers and technicians
- Less reliance on foreign suppliers
In short: opportunities for growth, employment, and domestic investment.
