5B1zBcma
5B1zBcma
5B1zBcma
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AT{EAI}OFTH€.CURVE - HALTA SUCKS<br />
THE TR€*O lltTH STRO}IG IHFLOWS<br />
OF FORFIGH IHVEST}.IEI{T.<br />
lnnovation and competitiveness have been<br />
the hallmark of Maita's development strategy<br />
for the last zo years. This has encouraged internatioaal<br />
investors, who have been quick to<br />
seire theopportirnity of doiagbusiness in ttre<br />
favourable environmeDt created and mrinr:ined<br />
over the years by the ilaltese govemment.<br />
Investoni who have chosen to locate<br />
opentions on the island are attracted by fhe<br />
modern business inftastmcnrre. etcellent telecommunicatiors,<br />
competitive labour costs,<br />
the highly skitled and educated worldorce and<br />
truly enviable qn;ility of tife, These adrantages<br />
are further enhanced by the island's location<br />
in close proximity to North Africa and tlrelact<br />
tlatMalta is a uember of theEuropean Union,<br />
o$ering acaress to a 5oo million peaple strong<br />
market.<br />
As an island natian of 4r7,ooo people, Malta<br />
had to f,nd,niclrcs that it could compete in on<br />
a global playing f,eld. Two decades ago, the<br />
corurtry took the stntegic decision to transfornn<br />
its ecooomy by shifting the focus auray<br />
ftom low-coot nanufuc,turing and, packaged<br />
tourism to kn@Iedge.based hduitiies arid<br />
high-nd mand4gfiIriag in order to keeP up<br />
with global developments and remain competitive<br />
as an investment location. Today<br />
companies setting up in Malta are moie likely<br />
to be software developers, frnancial services,<br />
rGaming, aviation and ptrarmaceutical companies<br />
or rnanufactffers of high-ralue electmnic<br />
components atrd R&4 panicufarfy in<br />
the medical, biotech and pharnaceutical industries.<br />
SIGilIFICAI*T SECTOR<br />
Malta's manuhctrlring sector is diverse and<br />
consisb mainly of companies that focus on<br />
high-technology products in a.reas such as<br />
electronics or precision gngineering but also<br />
in capial-iatensive sectors such as aircraft<br />
maintenance aIId life seielrces. Matta has attracted<br />
world-leadiog companies and signif,cant<br />
inflows of forelgtr dire{t investmeDt (FDD<br />
to its maalrftc.trlringsector. c,ermaty, Europe's<br />
manufacturing powerholse, is Malta's largcst<br />
foreign investor, and miny G€rman companies,<br />
induding foy ma$facturer playmobil<br />
aad airenft maintenarce s,pecialist Lufttransa<br />
rechnilq have established facilitie in Malra.<br />
h total, some 2So erport-orient€d for€ign<br />
(nltrpanies have set up operations in Malta<br />
of srhieh more than 50 are German-owned.
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