Malta as gateway to the South
Saviour Balzan reporting from Malta House, London
"We see Malta as a gateway to the south," Dr
Fenech Adami said while addressing a reception for British investors
and businessmen at Malta House in London.
The Prime Minister reiterated the attractive conditions for investing
He was speaking after a presentation by James Hussey, Managing Director
of De La Rue, a high profile UK company that recently increased its
operations in Malta after closing one of its facilities in Singapore.
Dr Fenech Adami underlined the advantages in Malta by reaffirming many
of the things Mr Hussey had mentioned: political stability, excellent
communications, a stable economic climate and a skilled and multilingual
Yet he did not lose the opportunity of reminding the British guests
that Malta would soon be another EU Member State.
"EU accession is Maltas best option for economic growth,
since, apart from automatic entry into the European market, EU membership
will provide the long term security and stability that is the prerequisite
for growth in todays increasingly interdependent globalised economy."
He added that he also saw advantages for companies that wish to operate
from Malta rather than in Malta.
"Whether it is marketing, sales and distribution, project management,
customer training or after sales support, we believe that it can be
done most effectively from Malta and at a lower cost than most alternative
During the reception many potential investors and businessmen talked
freely to the journalists present. One small company specialising in
galvanising of steel expressed its intention to come to Malta.
The managing director of the company Brecks Heating Services, Brett
Ainsworth, said that they looked at Malta because of their client base
in Libya and Dubai. Another British company focusing in solar panels
was also interested in coming to Malta.
Crimsonwing, a British IT company established in Malta was also planning
to expand and other British businessmen were looking closely at Malta
as a base. Malta Development Corporation Chairman Lawrence Zammit was
also present for the meeting.