Increase in foreign investment in 2020 – Minister Schembri

Silvio Schembri
Silvio Schembri

Whilst addressing the conference entitled ‘Future Realised’, hosted by EY, Minister for the Economy, Investment and Small Businesses Silvio Schembri announced that, during this year, despite the COVID-19 pandemic, Malta Enterprise attracted 35 companies to Malta as Foreign Direct Investment.

During the conference, Schembri said that this is an encouraging result indeed, meaning that Malta Enterprise has already attracted more FDI when compared to last year, when the number stood at 32. He said that the companies vary from manufacturing to digital games, artificial intelligence and blockchain. 

“Our firms have not solely been resilient, they have also shown remarkable adaptability. Key amongst them is our manufacturing industry, wherein some firms even managed to switch their production lines to other products to accommodate new demand,” the Minister continued. 

During the Q&A session, Minister Schembri reiterated Malta’s long-term economic vision based on five main pillars: economic growth, education and employment, better infrastructure and investment, sustainability and carbon neutrality by 2050 and, good governance, law and order.