Malta Signs Agreement on Foreign Investments with Dubai

The Malta Chamber of Commerce, Enterprise and Industry will attend the Annual Investment Meeting (AIM) in Dubai, between the 30^th of March and the 1^st of April 2015. Previous to its attending, the Maltese Chamber of Commerce signed an agreement with the Dubai Chamber of Commerce and Industry that resulted in a strategic partnership. The AIM is one the world’s most significant conferences on foreign direct investment (FDI). With over 11,000 participants and 60 countries, the AIM addresses both foreign companies and individuals interested in investing in high-growth regions.

What are the main topics on the AIM agenda?

At the fifth edition of the Annual Investment Meeting held in Dubai, there will be a debate about sustainable development through foreign investments in the innovation and technology transfer. The agreement the Malta Chamber of Commerce signed with the Dubai Chamber of Commerce will allow both chambers register with the Connecting SMEs Globally portal, an international hub of organizations interconnected with chambers worldwide.

The Dubai Chamber of Commerce is very interested in this partnership with Malta and it feels encouraged by the new government and other key stakeholders in Malta. The Maltese government has also shown its interest in this agreement that will enable Maltese companies to become more visible in the world through this portal. The government feels very confident that its presence at the AIM will bring other important investment and trading possibilities for Malta.

What are the Maltese Ministry for Economy’s projects for attracting more foreign investments?

The Minister for Economy, Investment and Small Businesses, Chris Cardona, said he would extend an invitation to the three economic groups from the Maltese Chamber of Commerce to discuss prospects and opportunities regarding the agreement.

The Minister said the new Labor Government aims to attract 28% of the total foreign direct investments in the European Union, while looking for new possibilities of attracting more new investments. The government also plans to create accountable and transparent authorities system so that new businesses would only have to apply for one business permit instead of few.

The Minister also addressed several business sectors, among which manufacturing, maritime, IT&C, multimedia and gaming that will receive more attention by creating new jobs and better training conditions.