Fincantieri and the UAE group EDGE have formalized the agreement to establish Maestral, the joint venture created between the two shipbuilding company based in Abu Dhabi Dhabi with the aim of seizing opportunities at the national level. Global Design and Manufacturing of Advanced Naval Vessels ( of 21 February 2024). EDGE holds a 51% stake in the joint ventures, with pre-emptive rights for non-NATO orders along with a number of strategic orders placed by some selected NATO member countries, with a trade pipeline of orders with an estimated value of around €30 billion.

Today's announcement of the signing of the agreement was followed by the announcement of a major order for ten offshore patrol vessels (OPV) technologically advanced 51 meters by the Forces of the United Arab Emirates Coast Guard, for a value of €400 million. The 51-metre OPVs of the P51MR class, based on on the tried-and-tested "Saettia" class, are units state-of-the-art companies that stand out for their high modularity, stability in rough seas, reduced radar signature and high operational flexibility.

The Chairman of the EDGE Group, Faisal Al Bannai, announced that the new OPV units will be built both at the group in Abu Dhabi and in Italy.