Economy Minister Silvio Schembri said the next foreign direct investment in Malta is a medical technology firm and it will be the \u201clargest\u201d investment ever.<\/p>\n
Describing the development as \u201cgood news for Malta\u201d, Schembri said this will be the \u201clargest foreign direct investment\u201d ever in the country\u2019s history.<\/p>\n
The minister posted a video of himself on social media on Friday, saying he was in Chicago, the United States, with a delegation from Malta Enterprise, the state\u2019s investment arm, and Indis, a government industrial estate management agency.<\/p>\n
Schembri gave no details apart from the fact that the company specialised in medical technology (medtech) and talks have been going on for the past two years.<\/p>\n
He said the investment fits nicely with Vision 2050, the long-term strategic plan the government will unveil shortly, of attracting investment that creates value added and jobs without putting a strain on the country\u2019s resources.<\/p>\n
Schembri said the deal would help diversify Malta\u2019s economy and secure \u201cnew opportunities for young Maltese workers\u201d.<\/p>\n
Chicago is a hotbed of medtech companies in the US, hosting some of the largest firms in the sector.<\/p>\n
Medtech firms specialise in medical equipment that can range from syringes to robots that perform surgery and are a crucial cog in the life sciences sector alongside pharmaceutical companies.<\/p>\n","protected":false},"excerpt":{"rendered":"Economy Minister Silvio Schembri said the next foreign direct investment in Malta is a medical technology firm and…\n","protected":false},"author":2,"featured_media":389918,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-389917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/389917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=389917"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/389917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/389918"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=389917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=389917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=389917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}