First announced in February, MAESTRAL will focus on the design and manufacture of advanced naval vessels. EDGE holds a majority stake of 51 percent in the venture, which is set to secure prime contracts for non-NATO orders and select strategic orders from NATO member countries. The venture anticipates a robust commercial pipeline with orders valued at approximately €30 billion (US$32 billion).
In a significant development, the UAE Coast Guard has placed an order for ten new 51-meter offshore patrol vessels (OPVs), valued at €400 million (US$433 million). These vessels, based on the Italian Coast Guard’s Saettia-class design, are noted for their modularity, stability in rough seas, low radar signatures, and high operational flexibility.
This joint venture marks a significant step in strengthening the UAE’s maritime capabilities and expanding its defense manufacturing sector.