The Maltese islands consist of the islands of Malta, Gozo and Comino, situated right in the middle of the cultural, financial and geographical crossroads of the Mediterranean Sea. Malta, with Valletta as its capital, is the largest Island of the group.
Malta’s status as an EU Member State since May 2004 and its adoption of the Euro as its currency, enhanced the islands attractiveness within the region. It is recognised as one of the safest and secure places to do business, Internationally Malta is recognised as a safe and secure place to do business, with high economic, legal and political stability, and low risk. One will find a highly-qualified and flexible workforce and a proactive business environment. Industry, exports, tourism and financial services are the pillars of the Maltese economy. The country’s communication facilities are excellent, with a highly sophisticated digital telecommunications infrastructure that ensures a global business environment at all times. The official languages of the island are Maltese and English. The country is easily accessible from major European and North African destinations and has direct air links to most major European and North African cities, Middle East and Arab Gulf States. It is part of the Schengen travel area. The key factors have made Malta the ideal location for foreign direct investment and international trade.
A Transhipment Hub
Malta has always been considered as strategically of highest importance by Naval powers since ages. Its strategic geographic position of the Maltese Islands, at the confluence of the major sea lanes linking Europe, North Africa and the Middle East, it comes as no surprise that Malta has, throughout the ages been at the centre of maritime activity in the Mediterranean. Its geographical position places it a mere 6 nautical miles off the main Mediterranean sea-route between Gibraltar and the Suez Canal. Indeed the development of Malta Freeport Terminals is reviving Malta’s glorious maritime history by stimulating transhipment trade within its shores. With the ongoing investment being undertaken at Malta Freeport Terminals, the future of maritime Malta looks set to expand.
Malta has two main commercial ports. Valletta port is situated in the old Grand Harbour port and Malta Freeport Terminals which is situated in the port of Marsaxlokk. Valletta port is operated by Valletta Gate way Terminals Ltd which is owned by Portek International. The Terminal is operated under a 65 year lease and is more geared for tramp, roro and break bulk cargo. The Grand harbour also hosts a Cruise liner Terminal, Tank Cleaning Facility, Shipyards and Yacht Marinas.