![El Fateh, an Egyptian Navy Gowind-class corvette Image: Wikimedia Commons/AHMED XIV](http://media.assettype.com/bairdmaritime%2Fimport%2Fwp-content%2Fuploads%2Fmedia%2Fk2%2Fitems%2Fsrc%2F25413b8e454eb104548a7b729738b741.jpg?w=480&auto=format%2Ccompress&fit=max)
French newspaper La Tribune has reported that the United Arab Emirates and Naval Group have finalised a €750 million (US$850 million) contract for the construction of two Gowind-class corvettes with options for two more.
The first two vessels will be built with cooperation from Abu Dhabi Shipbuilding Company (ADSB).
The 102-metre-long corvettes will be armed with Exocet anti-ship missiles and Evolved Sea Sparrow surface-to-air missiles.