Saipem Secures $4 Billion in Funding to Advance Sustainable Engineering Projects Worldwide

In a significant boost for its ongoing projects and commitments, Saipem has successfully raised €4 billion in a recent funding round, reaffirming its position as a global leader in the engineering and construction sectors. Renowned for its expertise in managing large-scale projects across energy and infrastructure, both offshore and onshore, Saipem is structured into five specialized business lines: Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, and Robotics & Industrialized Solutions. With an impressive fleet that includes 21 construction vessels and 15 drilling rigs, Saipem is well-equipped to execute complex projects around the globe. This new capital will empower Saipem to expedite its commitment to engineering solutions that support the energy transition towards a sustainable future, a goal that is increasingly vital in today's climate-conscious landscape. The company is dedicated to innovating through digital technologies and sustainable practices as it aids clients on their journey toward Net Zero emissions. Listed on the Milan Stock Exchange and operating in over 50 countries with a diverse workforce of approximately 30,000 employees, Saipem is well-poised to leverage this funding for growth and enhanced capabilities. As the demand for environmentally responsible energy solutions continues to rise, this infusion of capital will not only bolster Saipem’s competitive edge but also solidify its role as a key player in the evolving landscape of sustainable engineering and project delivery.