Italy's Fincantieri and Albania's KAYO Form Joint Venture to Modernize Albania's Navy
Italian shipbuilder Fincantieri and Albania's KAYO have formed a joint venture to build and maintain naval vessels in Albania, aiming to modernize the country's military infrastructure and strengthen its NATO ties. The partnership will establish a new construction site in southern Albania, creating around 400 jobs and positioning Albania as a European base for Fincantieri's vessel production.
Topics: defense international cooperation military infrastructure NATO shipbuilding