Opportunities vs Threats: ‘Leverage Malta’s size to become more agile and efficient as a nation’

In this series, prominent business figures in Malta shed light on the short-term future of business on the island, by identifying the opportunities and threats that carry the potential to redefine Malta’s industries and markets in the year to come. This feature was first carried in the annual print publication MaltaCEOs, the sister brand to MaltaCEOs.mt

Christian Sammut is the CEO of BMIT Technologies plc. As an IT professional and an expert in business development, he believes refusing to settle for mediocrity and instead striving for excellence will broaden Malta’s economic horizons and help tap into global opportunities in 2024.

“Malta’s competitiveness on the global stage faces numerous threats, such as potential changes in corporate tax policies, the ability to attract high-value businesses, and how to retain top talent. But these threats can be addressed. In my opinion, as a country, we should seek to create a new framework that attracts business and investment to our island – ideally, one that includes favourable benefits for all business operators in Malta and not just a select few. This would allow Malta to proactively market itself as an attractive destination for business, while investing in talent development and retention programmes.

“We can also leverage Malta’s size and become more agile and efficient as a nation. I believe that to improve the business environment in Malta and attract top companies, it’s essential to nurture the entire ecosystem holistically, rather than address issues piecemeal. Both local businesses and foreign direct investments (FDIs) should receive equal attention.

“2024 is full of potential. If we ensure real value for local providers and foster collaboration between local and international businesses, Malta can create a more attractive and inclusive environment.”

First published as part of a wider feature first carried on MaltaCEOs 2024 print publication, the sister brand to MaltaCEOs.mt.