Arab Shipbuilding and Repair Yard (ASRY) has signed a strategic partnership agreement with Italian shipbuilding group Fincantieri to strengthen cooperation in shipbuilding, maintenance, and repair.
The agreement was signed in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa , Crown Prince and Prime Minister of the Kingdom of Bahrain, and Italian Prime Minister Giorgia Meloni , highlighting the importance of the collaboration at the highest governmental level.
The agreement was signed by Ahmed Al Abri , ASRY Chief Executive Officer. and Eugenio Santagata , General Manager of Fincantieri’s Naval Vessels Division. In addition to newbuild projects, the collaboration will cover maintenance, repair, and overhaul (MRO) services for naval, commercial, and offshore vessels, alongside the exchange of know-how in ship design and the optimization of production processes.
“These important strategic partnerships will further strengthen ASRY’s capabilities as the leading maritime fabrication and repair facility across the Arabian Gulf region,” said Al Abri.
Under the agreement, ASRY and Fincantieri will jointly assess opportunities for the design and construction of surface naval vessels of up to 80 meters in length for domestic use by Bahrain’s Navy and Coast Guard.
The partnership will also explore the development of similar-sized offshore units, as well as potential export opportunities across the Gulf region.
The partnership marks a key step in ASRY’s strategy to expand its shipbuilding capabilities, enhance technical expertise, and further consolidate its role as a leading maritime hub in the Gulf.
ASRY also signed a partnership agreement with Italian company Roboze, a global provider of additive manufacturing technologies for high-performance super-polymers and composite materials. The agreement will establish Bahrain’s first industrial facility dedicated to advanced additive manufacturing. The new smart plant will be located within ASRY’s facilities in the Kingdom of Bahrain.