Latest news with #MohammedAlNasser
Zawya
23-05-2025
- Business
- Zawya
Top shipbuilder Fincantieri seals Red Sea Authority deal
Saudi Arabia - Fincantieri, one of the world's leading shipbuilding groups, has announced that it has signed a MoU with the Saudi Red Sea Authority, the official regulatory body of the Kingdom of Saudi Arabia for coastal tourism in the Red Sea. This partnership marks a significant milestone in Fincantieri's expansion in the Kingdom and reinforces its commitment to sustainable growth in the Red Sea ecosystem, said the company in a statement. By consolidating its position in the rapidly expanding Saudi maritime market, Fincantieri sees tremendous potential for future growth and collaboration with local stakeholders across the civilian and military sectors, establishing itself as a trusted partner, it stated. Signed today (May 22) in Riyadh by Fincantieri's CEO and General Manager, Pierroberto Folgiero, and SRSA's CEO, Mohammed Al-Nasser, the agreement looks to explore collaborative opportunities in the development and management of maritime and coastal activities in the Red Sea region. Opportunities include the construction of luxury cruise ships, as well as the development of state-of-the-art maritime and tourist port facilities that cater to the growing demand for high-quality, sustainable infrastructure, it stated. On the Red Sea Authority collaboration, Folgiero said the partnership marks an exciting new chapter in Fincantieri's expansion in the region. "By combining our commercial strength, our expertise in shipbuilding, and our experience in designing and implementing underwater infrastructure and technologies with the forward-looking goals of the Saudi Red Sea Authority, we aim to contribute to the development of the Red Sea Region," he stated. "Our ambition is to help it become one of the world's top tourist destinations while ensuring the protection of its unique natural heritage, both above and below the sea surface," he added. As part of the company's strategic expansion in the region, Fincantieri also inaugurated the new offices in Riyadh of its local subsidiary, Fincantieri Arabia for Naval Services. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
22-05-2025
- Business
- Zawya
Saudi Red Sea Authority and Fincantieri sign MoU to develop coastal tourism activities in Saudi Arabia
Riyadh: The Saudi Red Sea Authority (SRSA) signed a Memorandum of Understanding today with Fincantieri, a global leader in the maritime industry. The goal is to strengthen collaboration in developing and managing coastal tourism activities across the Kingdom, supporting the sector's sustainable growth. The MoU was signed by Mr. Mohammed Al-Nasser, CEO of SRSA, and Mr. Pierroberto Folgiero, CEO and Managing Director of Fincantieri. This agreement supports SRSA's mandate, which includes protecting the marine environment, setting standards and regulations for coastal marinas, and leveraging international best practices to enhance coastal tourism. The MoU focuses on developing coastal tourism while preserving marine ecosystems and natural resources. It also emphasizes maritime safety and security, improving marina infrastructure, and cooperating on research and innovation in advanced marine technologies. This step reflects SRSA's commitment to accelerating progress through strong partnerships with both public and private sectors, locally and globally. It aims to expand strategic alliances, share expertise, and apply global practices that promote regenerative tourism, sustainable growth, and the positioning of the Red Sea as a premier international destination while preserving its untouched environment.
