Italy Firms Ink Nearly 5 Billion Euro Ship Deal With Qatar

June 16, 2016 5:47 PM

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Italian ship-builder Fincantieri has signed a 3.8 billion euro ($4.3 billion) contract with Qatar's navy to build seven ships in the biggest naval deal ever inked by an Italian firm.

The overall agreement, valued at nearly 5 billion euros, includes the provision of missile systems and radar as well as training of Qatari crews by Italian forces.

Also read: Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar

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