UAE-based Marakeb Technologies has signed a memorandum of understanding (MoU) with Fincantieri for autonomous technology.

According to the agreement, the companies will cross-evaluate the existing automation solutions of Fincantieri and patented unmanned technology of Marakeb.

In addition, they will also develop applications for different vessel types available in Fincantieri’s portfolio.

Marakeb Technologies CEO Basel Shuhaiber said: “Marakeb Technologies aims to expand its capabilities in the field of autonomy through a strategic partnership with Fincantieri. Our collective strengths in the integration of unmanned technologies will enable us to create unique opportunities in the UAE and abroad.”

Fincantieri Naval Vessel Business Unit general manager Giuseppe Giordo said: “This agreement strengthens our group in many respects.

“Indeed, together with Marakeb Technologies, not only will our positioning in the area be enhanced by a top-level partnership but it will also give us the chance of exploring new opportunities.

“From an innovation standpoint, this agreement will also allow us to kick-start the development of cutting-edge solutions.”

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The global partnership aims to establish future commercial opportunities in regional and international markets by uniting Marakeb’s proven track record in the MENA region and Fincantieri’s strong interest in the integration of new technologies and expansion of its global footprint.