"Governance and the rule of law have always been the top two reasons why foreign investors choose Malta.”
Perit David Xuereb, President of The Malta Chamber, stressed this during an interview on NETLIVE as he reacted to the EY Survey on how attractive our country is to foreign direct investment.
The Chamber President noted that although the survey has always been consistent in the past 16 years with regards to the country's attractiveness to foreign investors, unfortunately, a decline was experienced during the past year.
Hence, Xuereb insisted on the need for immediate action from our country. "We asked the Government to be brave. The actions we take today must push us in the direction of being a better country in the next 10 years. If we do not, we would have missed a vital opportunity", said Perit Xuereb.
The Chamber President noted how the COVID-19 pandemic, and the changes brought with it, offers a unique opportunity to benefit from a disruptive force to the benefit of economic activity and development.
With regards to the topic of the worryingly increased numbers of COVID-19 active cases, Xuereb emphasised the need for improved national discipline and more efficient contact tracing.
Apart from good governance, Xuereb mentioned the need for serious and intelligent investment in order to really prepare our country for the needs of the future.