Fincantieri, the Italian shipbuilder, said it had signed a contract with an international customer for the construction of an ultra-luxury cruise ship, to be delivered by the end of 2025.

It did not provide any details about the identity of the customer.

“The order, which includes the option for two additional vessels, amounts to approximately €1.2 billion. The contract will be subject to access to financing, as per industry practice,” Fincantieri said in a statement.