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ARTICLE · 01 MARCH 2024

Expansion Plans For The Superyacht Industry

New full-service marinas to be developed in Malta for the high- end superyacht market.

MaltaTransport
Dr.Kresse International Law Firm
Dr.Kresse International Law Firm

New full-service marinas to be developed in Malta for the high- end superyacht market

Making Malta the jurisdiction of choice for the niche superyacht industry by fostering a sustainable ecosystem supported by reliable infrastructure, quality services and a skilled workforce – this is the key factor of the Malta Government's new strategic vision for the further development of the maritime sector on the Maltese Islands.

Over the last 16 years, the number of superyachts exceeding 24 meters registered under the Merchant Shipping Act in Malta has surged from just over 100 in 2007 to over 1,100 in August 2023.

Around 70% of the world's superyachts sail in the Mediterranean throughout the whole year, with marinas generally close to full capacity, especially in the Western European Mediterranean countries during the high season.

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