Malta set to benefit from €500 million investment

Prime Minister Robert Abela announced that Malta will benefit from €500 million in investments over the next two years as a result of multiple companies expanding on the islands.  

The Prime Minister announced the €500 million investment during a speech at Labour Party’s Workers’ Day. Abela explained that the investments will be finalised over the next two years with major expansions from companies including ST Micro Electronics, Baxter, Lufthansa Technik, Magro Brothers, Actavis, James Caterers, and Gimas.  

Lufthansa Technik, the aviation company, announced that it would be expanding its facilities in Malta earlier this year, with a new 6,400 sqm hangar dedicated to Boeing 787 Dreamliner cabin modifications. The company is the only maintenance, repair and operations (MRO) provider globally authorised by Boeing to both engineer and implement changes to the aircraft. Once opened, the hangar will provide 70 jobs and grow the workforce at Lufthansa Technik Malta to nearly 650 employees. 

Another success story is global semiconductor manufacturer, ST Micro Electronics which recently expanded and upgraded its Malta facility. It is now officially recognised as the first advanced manufacturing backend plant in the EU, cementing Malta’s position as a strategic player in the global semiconductor industry. The expansion is impressive by itself but also comes seven years after the plant was earmarked for closure, however, thanks to Government support, planning, and Malta’s growing talent pool, the facility is now one of the most productive within the ST Group worldwide.  

These projects will generate jobs in strategic sectors like digital technology, clean energy, advanced manufacturing, pharmaceuticals, and financial services. The diversity of industries that are planning to expand over 2025 and 2026 is impressive considering the island is only around 316 square kilometres and is yet another example of the Government’s systematic and purpose-driven approach to attracting foreign direct investment (FDI).  

When discussing the upcoming investment, Abela noted that the approach aligns with the Malta 2050 Vision which is about “balancing economic progress with social justice.” He explained the Government’s criteria for embracing FDI, emphasising that it must “lead to a better quality of life for our people.” Given that foreign investment has proliferated on the island over the last couple of years, Malta is now in the position where it can choose which investments truly serve its interests.