Malta Attracting New and Important Foreign Investments
The Government of Malta is expected to announce two new "high value-added investments" in the coming weeks, Finance Minister Tonio Fenech said yesterday.
He said work was under way for a New Zealand company to start producing energy-saving bulbs in Gozo and that an Israeli company was about to open a payment gateway and an accompanying call centre in Malta, with an expected annual turnover of € 40 million.
He said Malta Enterprise was in meetings with a number of investors, such as Arrow Pharma, which, he said, would increase its investment and double its workforce to 400 in the next two years.
Investment was up to € 800 million last year, 46 per cent over the previous year, he noted.