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Italy agrees largest ever naval export deal with Qatar

20 Jun 2016
Qatar has signed a €4 billion contract to purchase seven naval vessels from Italy’s Fincantieri shipyard, as part of Italy’s largest ever naval export deal. The deal also includes support services for 15 years, with a six year construction program due to start in 2018 at the Fincantieri shipyards in Italy. 

Italian Defence Minister Roberta Pinotti applauded the deal, saying: “Credit goes to the Italian MoD for supporting Fincantieri with arrangements for training on board Italian navy ships.”

Adding that Italy’s recent decision to spend €5.4 billion on a series of new vessels for the Italian Navy had acted as a shop window for the nation’s naval capabilities.

The Gulf nation has also signed a pre-contract agreement with European missile house MBDA to supply Exocet and Aster 30 missiles, worth €1 billion, to equip the vessels.