Malta’s recent launch of its economic vision for the coming decades – Vision 2050 – signals its determination to counter the constraints of its size by ensuring a clear focus on adding value.
And the focus is that quality is more important to the country’s growth and evolution than quantity, whichever sector is considered, from financial services and tourism, to foreign direct investment and manufacturing.
This focus is by no means random: it represents the results of years of innovation and diversification, as well as its commitment to adapt to challenges, not only internal but also external. The government has identified sectors where it complements – rather than competes with – other jurisdictions, and where its size can be used as an advantage, offering a wide-ranging ecosystem of established and experienced professionals.
