The Lo­gis­tics Sec­tor in Malta – what prospects?

Malta Independent - - BUSINESS -

The Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try through the Ex­ec­u­tive Com­mit­tees of its Lo­gis­tics Busi­ness Sec­tion and Ship­ping and Bunker­ing Busi­ness Sec­tion, to­gether with the As­so­ci­a­tion of Ship Agents and the As­so­ci­a­tion of Groupage Op­er­a­tors have met to dis­cuss the Re­quest for Pro­pos­als, launched re­cently by Malta En­ter­prise, to de­sign, con­struct, fi­nance, op­er­ate and main­tain an In­ter­na­tional Lo­gis­tics Hub.

The project is meant to utilise the ex­ist­ing area of the Groupage Com­plex in Hal Far to de­velop a strate­gic hub for in­ter­na­tional busi­ness.

The Malta Cham­ber and the as­so­ci­a­tions share a pos­i­tive view on this ini­tia­tive and agree that it can in­deed prove to be a valu­able as­set to the Mal­tese Lo­gis­tics sec­tor, to com­ple­ment the ser­vices of­fered by the Malta Freeport and other valid op­er­a­tors. The planned ex­pan­sion at Hal Far is ap­prox­i­mately four times the ex­ist­ing ware­hous­ing space.

An im­por­tant fac­tor that needs to be taken into con­sid­er­a­tion for the suc­cess­ful im­ple­men­ta­tion of this project is the reg­u­la­tory regime in which fu­ture hub­bing ac­tiv­i­ties are meant to op­er­ate.

Since the cur­rent rules and reg­u­la­tions gen­er­ate an el­e­ment of costs at­trib­ut­able to the op­er­a­tions, it would be prefer­able to ad­dress this mat­ter be­fore a ma­jor project of this mag­ni­tude takes off, thereby con­tribut­ing to the vi­a­bil­ity of the project even more.

There would be nu­mer­ous de­ci­sions to be taken to turn Malta into an in­ter­na­tional lo­gis­tics hub, and con­se­quently a po­ten­tial pil­lar of our econ­omy. This is why the Malta Cham­ber, the As­so­ci­a­tion of Ship Agents and the As­so­ci­a­tion of Groupage Op­er­a­tors wish to ex­press their be­lief that the suc­cess­ful de­vel­op­ment of this sec­tor re­quires a co-or­di­nated and joint ef­fort for the de­vel­op­ment of a na­tional Lo­gis­tics Strat­egy.

Through this strat­egy, es­tab­lished within a rea­son­able time­frame, a clear vi­sion of how the Lo­gis­tics sec­tor will grow and de­velop, as well as the ini­tia­tives to be taken by both the pub­lic and pri­vate sec­tor.

The Malta Cham­ber, as well as the As­so­ci­a­tion of Ship Agents and the As­so­ci­a­tion Groupage Op­er­a­tors au­gur the suc­cess­ful trans­for­ma­tion of the Hal far Com­plex and the fu­ture de­vel­op­ment of the sec­tor as a pil­lar of the econ­omy.

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