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Overview of Malta Enterprise Malta Enterprise (ME) has operated under different guises since the 1950s. Nowadays, ME is responsible for almost all the development and growth of different sectors operating within Malta’s economy. ME is responsible both to attract new foreign direct
investment to Malta as well as to facilitate the expansion of businesses, being local or foreign owned, in Malta.
The Manufacturing Sector in Malta Over the years, the profile of manufacturing companies operating in Malta gradually shifted from labour intensive to fully fledged, often vertically-integrated, autonomous operations, competing not merely on cost but also on design, innovation, research & development and technology. This includes industries such as electronics; precision engineering; maintenance repair and overhaul of aircrafts; automotive; security printing; pharmaceuticals and life sciences. In order to develop these sectors ME, together with other
stakeholders, have invested significantly in the country’s infrastructure. Tangible examples include ME’s c. €25m investment in the Malta Life Sciences Park and the Safi Aviation Park. The Maltese government also wants to ensure that our smaller island Gozo is not left behind and its digital structure is as robust as possible. An example of this commitment is the new fiber optic cable for Gozo expected to increase informatics activities along with the recently launched Gozo Innovation Hub.
TESTIMONIAL TESTIMONIAL
“Malta continues to be an attractive location for FDI. Continuous improvement to infrastructure, most notably to technological innovation and investment incentives across the spectrum, are a positive and necessary reaction to a steady increase in demand by an increasing population and business community. Malta continues to lead the way in accommodating such growth and its business friendly environment has supported and encouraged further expansion by Lufthansa Technik locally.”
Marcus Motschenbacher – CEO, Lufthansa Technik Malta
“We came to Malta in 1961 and started with a small factory of 60 people. We have steadily grown over the last 50 years, and today employ around 600 people. The workforce in Malta is one of the most loyal and skilled within the group and we export to customers all over the world from Malta. There are many benefits for actually being here including a good skilled workforce with high calibre graduates from the University and technical colleges, tax benefits and assistance Malta Enterprise when required”
Martin Hignett, Managing Director – Trelleborg Malta
The Aviation Industry in Malta Over the last few decades Malta’s aviation industry players have been steadily building a cluster of aviation services and today Malta aims to develop into a fully-fledged aviation centre that supports the entire spectrum of aviation-related services. These include maintenance, repair and overhaul, component manufacture, R&D and innovation on unmanned aerial vehicles, back office support and call centre operations. Lufthansa Technik is one of the tenants at the Safi Aviation
Park. In an agreement between Malta Enterprise, Malta Industrial Park and Lufthansa, in Q4 2019, the latter invested €25m to expand its facility in Malta with a new hangar. Their neighbours SR Technics are currently advancing the construction of their new six bay hangar, with a total investment of €30m.
February 2020 CHAMBERLINK 45
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