On June 11th, Malta Enterprise, the Maltese Investment and Promotion Agency, and the Embassy of Malta in Spain celebrated with the collaboration of Nexus Fostering Partnership a business breakfast on “Investment Opportunities in the Pharmaceutical, Biotechnology and Healthcare Technology Sectors” at Club Financiero Génova. The event was attended by several companies and sectorial associations dedicated to Life Sciences, a sector that offers many interesting opportunities in Malta. Honorable Mr. D. Mark Anthony Micallef, Ambassador of Malta in Spain, together with Claire Azzopardi, Director of Malta Enterprise in Spain and Portugal, presented the reasons why Malta is an incredibly interesting country for the Life Sciences Sector, such as its remarkable strategical placement, its politic, social and economic stability, the low corporate levels of taxation, the existing English-speaking qualified labor force as well as its competitive cost structure.
Malta has always had an important role in the international stage, given its strategic position between Europe, North Africa and the Middle East. During the past years, the country has notably developed its economy through an evident proper management, soundly making use of the leverage its strategic position offers as well as its stable administrative and technological infrastructure, sturdy legal and favorable fiscal network. One of the industries that is showing off the most potential growth and sustainability is the “Life Sciences” sector, which includes activities such as the pharmaceutical related, biotechnology and health services.
The Maltese Government has designed a specific strategy to help companies operating in these industries fields and that may be interested or willing to carrying out internationalization processes, using Malta as their platform to develop and start growing their business.
During the event, the project Life Sciences Park was presented, a technological-sanitary cluster formed by laboratories, offices and incubator units for firms which aim is to encourage industrial development in the Life Sciences sector. Study cases of successful Spanish companies that invested in Malta were also studied as proof of the country’s potential and demonstrate the efficiency of the governmental incentives and programs intended to firms of the sector that could have a professional interest in Malta. After Honorable Mr. Micallef and Mrs. Azzopardi interventions, there was a round of questions where the attendees were able to close bilateral meetings to carry on with their potential projects in Malta and thus benefit from the industrial development of the Maltese economy and the notorious added value and excellence the country offers.