Supermarket giant Lidl is setting up an International Regional Distribution Centre in Malta, after reaching an agreement with Malta Enterprise and Malta Industrial Parks.
The announcement was made by Economy Minister Chris Cardona, who said that the benefits of this centre weren’t simply limited to the more than 120 jobs that would be created.
“It will also have a beneficial effect on exportation, where over a three-year period Lidl will be increasing the value of products made locally from €3 million to €22 million,” he said.
Dr Cardona said that the company would be manufacturing products using local companies, which would be exported to different countries worldwide.
He said that this was a clear example of the great potential Malta has to tap into the logistics sector, adding that it augurs well for other international companies to follow Lidl’s footsteps by setting up similar operations.
Dr Cardona said more than 20 foreign investment projects had been approved in the past 15 months.