Malta. A vibrant economy, open for business
Malta. A Clear Economic Vision Enhancing a dynamic, high value-added economy founded on competence, skills and quality and capable of sustaining a high standard of living for its people Malta Enterprise: is responsible for promoting and supporting Foreign Direct Investment into Malta assists businesses and industries in the country to grow and develop through a wide range of support measures
Malta. A Stable Economy Economic Indicator Date Malta Eurozone EU-28 EU Rank Real GDP Growth 2016 +5.5% +1.8% +1.9% 1st 2017 f +4.6% +1.7% +1.9% 1st Unemployment Sep 2017 4.1% 8.9% 7.5% 3rd Employment Growth Q2 ( 17 on 16) +4.7% +1.6% +1.7% 2nd GDP per capita Growth Sources: European Economic Forecast; Eurostat 2016 +4.2% +1.4% +1.6% 3rd 2017 f +5.5% +1.8% +1.9% 1st Credit Ratings Rating Fitch A+ Moody s A3 Standard & Poor s A- Last Updated: 29-11-2017
Malta. Economic Growth At around 32,000, Malta has 30 th highest GDP per capita in the world (Source: The World Bank) Sectors supported by Malta Enterprise nowadays: Employ around 32,000 workers Export around 4 billion every year
Malta. Export Partners (Jan-Sep 2017) The Americas Ships & Aircraft 6.9% 8.2% Australia & Oceania 0.3% Africa 18.8% Europe 47.0% Asia 18.9% Source: National Statistics Office
Malta. Main Exports (Jan-Sep 2017)* Optical Instruments 4.1% Aircraft & Parts 5.1% Others 17.0% Electrical Machinery 35.2% Food & Beverage 5.1% Mechanical Appliances 6.6% Plastics, Rubber & Toys 13.3% Pharmaceuticals 13.7% Source: National Statistics Office *Note: Data excludes re-exports of mineral fuels and oils
Malta. Advanced Manufacturing In many ways, the bedrock of our industrial sector and one that remains an important target for us Over 200 FDI operations in areas such as precision engineering, electronic components, automotive components, plastics and rubber World-class products are developed and manufactured in Malta for clients such as Apple, Airbus, Boeing, Bosch, Chanel, Daimler Chrysler, FIAT, Ford, Peugeot, and many others
Malta. Life Sciences and Medical Services Quality production of medical devices and pharmaceuticals Scope for further development in R&D activities in areas such as bioinformatics, genetics and other contract research activities Supporting infrastructure for life sciences including nuclear medicine Life Sciences Centre near University, Malta s main hospital and the specialised oncology hospital
Malta. ICT and Digital Media Robust ICT infrastructure with broadband connection across entire territory Strong igaming sector, with a globally reputable regulator A fast-growing digital content and software development industry Sector expanded to cover wide range of specific activities, including: Data Hosting Services Payment Gateway Services Cybersecurity Cloud-based applications Fintech and Blockchain Technologies
Malta. Aviation Strong MRO sector for both fixed wing and rotary aircraft Manufacture of aviation components Flight operations and charter, management and aircraft handling Aircraft registration UAVs testing Flight simulation and crew training ICT and software development for aviation industry
Malta. Education and Training Presence of a number of prestigious providers of tertiary-level education Ideal base for companies to site regional training centres targeting students in Euro-Med region and beyond Specialised training, such as Health and Safety or Risk Assessment for Oil and Gas Industry Major centre for teaching of English as a foreign language
Malta. Growth Sectors Maritime Services A maintenance and repair industry offering a wide spectrum of services Logistics Provision of logistics services targeting EU and Africa, from a position astride one of the world s busiest shipping routes Healthcare Services Operations focusing on medical tourism services in specific fields
Malta. Some End Users
Malta. Support Measures Malta offers a number of fiscal and financial incentives, such as: Investment Aid Access to Finance in the form of Soft Loans, Interest Rate Subsidies, and Loan Guarantees Tax refunds upon distribution of dividends to shareholders Double Taxation Agreements in force with around 70 countries Support for enhancement and training of workforce
Malta. Why? Long term economic, political and social stability Strategic location with easy access to nearby markets Efficient, transparent tax system Highly-skilled and Englishspeaking human resources Competitive cost structure with low social costs Excellent quality of life and safe environment An attractive incentives package administered by Malta Enterprise
For further info contact Malta Enterprise: T: +356 2542 0000 E: info@maltaenterprise.com Malta Enterprise, Gwardamangia Hill Pieta MEC 0001 Malta.