+ A
A -
Reuters/AP
ROME
Fincantieri has signed a deal worth almost 4 billion euros ($4.47 billion) to build seven ships for Qatar, the Italian state-controlled shipbuilder said on Thursday.
Fincantieri will supply Qatar with four corvette warships, two support vessels and an amphibious landing platform dock, and will provide support services in Qatar for 15 years after delivery, the company said in a statement.
All the ships will be built in Italian shipyards, with construction beginning in 2018.
Italy's defence company Leonardo-Finmeccanica will supply electronics and weapons systems for the ships and will receive around a third of the value of the deal, or more than 1 billion euros, a company official said.
The deal was signed in Rome by Fincantieri Chief Executive Giuseppe Bono and Qatari naval commander Mohammed Nasser al Mohannadi in the presence of Italian Defence Minister Roberta Pinotti and the Minister of State for Defence Affairs HE Dr Khalid bin Mohamed al Attiyah.
Fincantieri chief executive Giuseppe Bono said it was the biggest naval deal signed in Italy's history and said it would provide work in Italian shipyards for at least six years.
