The Central Business District in Mrieħel has been given a new lease of life with the completion of industrial works after a dearth of more than twenty-five years. Minister for the Economy and Industry Silvio Schembri announced that, with an investment of around twelve million euro, which is the first of its kind, this area, which covers a land mass the size of the capital city Valletta, saw the completion of the first two phases out of three of the industrial work plan. The Minister congratulated the Central Business District Foundation, which is composed of members of the government and private operators and is led by CEO Keith Fenech, which completed these enhancement works five years ahead of completion deadline.
Minister Schembri explained that this project’s contribution to the economy is highly significant as more than 270 businesses, most of whom are small industries, operate from the Central Business District with more than 100 different business activities. The number of employees reaches more than 12,000 and, with the development that is taking place, it is estimated that the commercial activity in this area will increase by approximately 50% by the year 2022 and will create hundreds of new job opportunities. The Minister stressed that, although this is an industrial area, over time, the number of residents in the vicinity has also increased and therefore investment has been made in projects that improve safety, cleanliness, traffic, and public spaces.
“We are realising the dream to make Mrieħel a professionally run trade and business area for any thriving and growing operation, where businesses and workers have a point of reference,” Minister Schembri said. He went on to explain that, among the projects completed in the first two phases, there are:
Minister Schembri mentioned that among the projects currently underway are a CCTV system, installation of 14 Electric Vehicle Charging Stations (EVC) in the area and a second temporary car park. After the foundation managed to lease land which accommodates over 150 private car parking spaces, the government land has now been identified in Commerce Street for a second temporary car park. This space will accommodate over 300 cars. He concluded his speech by outlining that the next step is to analyse a long-term strategic plan to provide the area with a vision for the next decade.
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