Current crisis may be of benefit to Malta

The current financial crisis may result in a number of emerging opportunities for the Maltese IT industry, SmartCity Malta CEO Claudio Grech said.

Speaking during the first national ICT conference organised by the University’s ICT faculty, Mr Grech said that while the latest forecast indicators revealed a bleaker outlook for the near term, new trends and operational adjustments were shaping up new global opportunities which Malta could use to enhance its IT business destination credentials.

“SmartCity Malta is reading the current global picture and interpreting these signals,” said Mr Grech.

“While major ICT companies are seriously reconsidering planned expansions and/or relocations to other destinations, Malta is well placed to be considered as an attractive cost-efficient destination," he said.