Tag: investment

Malta has spent €64m on improving road infrastructure so far this year, expecting to reach a total of €123m invested by the end of 2019. The present year marks the beginning of a planned €700m allocated for the development of Malta’s road infrastructure.

Avenue 77, a new business centre in Mrieħel, has been recently launched through an investment of €30m. Investors describe venue as ‘A global business centre in a Mediterranean setting’.

Medical cannabis firm MGC Pharmaceuticals will build a state-of-the-art manufacturing facility through an investment of €11m to produce medical cannabis-based products in Malta. The investment is seen to create 27 jobs by the third year of operations.

Dating.com Group will focus on developing new streaming technologies and purchasing IP products, including ready-made data platforms, to fuel global expansion.

The Summit of the Two Shores, which was officially launched in Valletta in January 2019, welcomed the Foreign Ministers of the 5+5 Western Mediterranean Dialogue on 24 June at the Palais du Pharo in Marseille, together with representatives of a number of regional and international organisations and institutions and civil society representatives gathered.

Minister for the Economy, Investment and Small Businesses Chris Cardona launched the “Start-Up Malta Foundation” (SUM) during a press conference, to establish a better and more efficient support system for young and maturing startups.

Computime Software’s Malta branch warns that anti-money laundering (AML) transaction monitoring can be strengthened with some elevated attention, such as deploying useful AML software and hiring and training compliance professionals, according to a blog entry by the company.

First International Merchant Bank (FIMBank) supports FCIReverse, an automated platform that allows members to on-board buyers and suppliers, in a what they tag as a “transparent and seamless manner” globally.

The first phase of the Mqabba regeneration project has come to a completion, according to a press statement by the government’s Department of Information (DOI).

Nibe Beverages Ltd is planning to invest €860,000 in new machinery and infrastructural upgrades through Malta Enterprise schemes for growing businesses.