€60 million investment in the expansion of medical equipment factory – Abela

Last Updated on Thursday, 30 May, 2024 at 3:39 pm by Andre Camilleri

Prime Minister Robert Abela on Thursday announced that a company that produces medical equipment, Baxter, will be investing €60 million and created 180 new jobs, which are set to increase its production capacity by 20%.

During a visit on site, Abela said that this expansion, Baxter’s third in Malta, is proof of how Malta possesses a resilient economy that thrives despite international challenges. This expansion demonstrates a company’s desire to continue expanding its operations in a country with a robust economic climate, according to Abela

Official figures released by the National Statistics Office in recent hours show that the Maltese economy grew 12 times more than the European average in the first quarter of this year, Abela said.

“This is thanks to the open-for-business mentality of the Government, through entities like Malta Enterprise and INDIS Malta, that keep our country offering a competitive and attractive environment for investment. It’s this positive economic climate that generates new prosperity,” he said.

Abela said that private investment, investment in startups, and the growth of all businesses result in increased income and therefore economic growth. “It’s an investment that circulates in an economy that can be felt and enjoyed by everyone. It is an investment that continues to strengthen our economy,” said the Prime Minister.

He added that this is another investment creating quality careers Malta, especially for young people studying at the University and MCAST.

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