QATAR SEALS $5bn NAVY VESSELS DEAL WITH ITALY

Follow The Money

http://www.jpost.com/Middle-East/Qatar-seals-5-billion-euro-navy-vessels-deal-with-Italy-501412?utm_source=dlvr.it&utm_medium=twitter

Qatar has concluded a 5 billion euro ($5.91 billion) deal with Italy for seven navy vessels, the Qatari foreign minister said on Wednesday, part of a military cooperation agreement between the two countries.

Sheik Mohammed bin Abdulrahman al-Thani made the announcement at a news conference with his Italian counterpart Angelino Alfano in Doha after talks about efforts to end a rift between Qatar and four Arab states.

“I am pleased to announce the conclusion of a deal between the Qatari Emiri Naval Forces to buy 7 naval units from Italy in the context of the joint military cooperation between the two countries,” Sheikh Mohammed said.

He said the deal was estimated at 5 billion euros but gave no further details and did not name the companies involved.

In June last year Italy’s state-controlled shipbuilder Fincantieri said it had signed a 4-billion-euro agreement to build ships for Qatar.

At the…

View original post 168 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s