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ME performance confirms Malta remains competitive location

Key findings pertaining to Malta Enterprise’s performance for the period between 2013 and 2016 were presented to stakeholders and industry during a business breakfast discussing ‘Should Malta Attract further FDI?’ held on January 15, 2018.

ME’s performance during the period and provisional data for 2017 demonstrate that Malta remains a competitive location for high value added and capital intensive operations The results also show that FDIs operating in Malta for a number of years are continuously expanding their operations. These include companies in precision engineering and electronics as well as those operating in the maintenance, repair and overhaul of aircrafts. Practically all large players have registered growth, demonstrating the importance ME places on helping existing industries - both foreign and local - to grow.

The tables below illustrate the support that was granted by Malta Enteprise in favour of local and foreign investors operating in eligible sectors (Table 1) and projects approved by ME (Table 2).

 

Support Measure

Number of Beneficiaries

 

2013

2014

2015

2016

TOTAL

Support on Investment

1,076

1,161

1,418

1,778

5,433

Trade Promotion

119

87

114

147

467

Business Development, R&D&I

57

76

55

110

298

Start-up support

9

4

3

53

69

Table 1 – Malta Enterprise Support Measures by year

 

Year of Approval

FDI New

FDI Expansion

Local New

Local Expansion

TOTAL

2013

35

11

29

26

101

2014

28

10

3

18

59

2015

20

11

18

60

109

2016

11

15

20

65

111

2017(P)

17

8

16

80

121

Table 2 – Malta Enterprise approved projects by year