Trade Fairs Corporation earmarks
new revenue sources
- International Fair of Malta opens today
The Malta Trade Fairs Corporation will be targeting new scopes for business
within trade fair organisation for the future, MTFC President Ian Mizzi
told The Malta Financial and Business Times yesterday, adding that new
sources of revenue have been earmarked:
"In the future Trade Fairs is considering undergoing changes to
prepare for more events, and not only for those in Naxxar, but also
in other towns.
"We already have two big tents for this purpose. So we are looking
for more flexibility in the way events are organised. It is an opportunity
for us to increase revenue from other sources. Currently one of these
tents is being used by the Troy film crew." The MTFC is currently
in the process of purchasing the Naxxar Fair Grounds when the lease
ends in 2007.
Mizzi said the most important aspect of this years International
Fair of Malta would be that it is the last before EU accession:
"This is an important factor in Maltas role within the greater
European economy. Our market is now set to grow from 400,000 to 500
million people, and the Maltese will also have access to free trade
agreements with third countries.
"So the trade fair has an important role to play in the commercial
development of the country.
"Trade fairs were always and still are important tools for the
community and the commercial world in that goods and services can be
exhibited to the public, businesses and foreign buyers. Many of the
latter also come to Malta to buy goods from here."
A total of 308 Maltese exhibitors and five foreign countries will be
taking part in this year's International Fair of Malta, which starts
today at the Trade Fair Grounds and will carry on till July 13. A total
of 336 stands are on display, filling up all available space. The great
demand for space in the services sector prompted four more tents to
be added to the usual 20.
Over 130,000 people are expected to make their way over the next week
and a half to Naxxar for the main trade fair of the island, which has
been a yearly appointment for the Maltese business and consumer society,
the latter fetching special trade fair discounts.
The fair was inaugurated yesterday by Prime Minister Eddie Fenech Adami
and will run until 13 July.