New strategy for industrial parks
Colliers International, specialists in commercial real estate, have been asked to study the current management structure, function and resources of Malta Industrial Parks Ltd and come up with a strategic vision for the management of industrial...
Colliers International, specialists in commercial real estate, have been asked to study the current management structure, function and resources of Malta Industrial Parks Ltd and come up with a strategic vision for the management of industrial estates.
Alan Camilleri, executive chairman of Malta Enterprise and Malta Industrial Parks, told the Times Business that the company's brief was to "establish benchmark parameters and key performance indicators as well as to suggest how best our industrial parks should be managed in order to maintain a high level of standards".
He added: "We have already expressed our desire to upgrade Malta's industrial parks to European standards."
Mr Camilleri said Colliers International's work will be taking place in conjunction with other initiatives currently taking place by MIPL, including the upgrading of the Ħal Far, Xewkija and Bulebel industrial parks as well as the establishment of legislation regulating the management of industrial parks in general.
He also said that Malta Enterprise has for the past two months been working on specific incentives which need to be developed to beat the possible impact which a global recession might have on Maltese industry and businesses. "To this effect, a consultation meeting was held with the big four auditing firms and other interested stakeholders," he said.
"Simultaneously, stakeholders were invited to submit their ideas to Malta Enterprise and a number of measures were devised and are being presented to the government at task force level," he added.
Mr Camilleri said Malta Enterprise is negotiating one-to-one with industry sectors inviting them "to leverage the current situation through increased investment which the government will support through incentive schemes which are already in place and which can be deployed in a flexible manner depending on the nature of the situation."
He said Malta Enterprise is fully aware of the issues of liquidity and collateral which business face and a number of schemes which assist micro-enterprises to access finance were in place.
Mr Camilleri said training and the development of the workforce was critical and through the ongoing collaboration with ETC, specific generic and specialised training courses are being designed to improve workers' skills and make workers more employable.
He said the euro-sterling exchange rate has hit hard companies which are either dependent on the UK market for their exports and/or which trade in sterling.
"One of the ways in which this can be countered is by the diversification of the export market as well as by the further internationalisation of the business. To this effect, the International Competitiveness Scheme launched by Malta Enterprise is ideally placed to assist these companies. It offers operational aid grants to assist businesses to tap new markets in their quest for internationalisation.
"It is encouraging to note that in the first call, 56 proposals have been received. A second call will be issued in the coming weeks."
Alan Camilleri, executive chairman of Malta Enterprise and Malta Industrial Parks, told the Times Business that the company's brief was to "establish benchmark parameters and key performance indicators as well as to suggest how best our industrial parks should be managed in order to maintain a high level of standards".
He added: "We have already expressed our desire to upgrade Malta's industrial parks to European standards."
Mr Camilleri said Colliers International's work will be taking place in conjunction with other initiatives currently taking place by MIPL, including the upgrading of the Ħal Far, Xewkija and Bulebel industrial parks as well as the establishment of legislation regulating the management of industrial parks in general.
He also said that Malta Enterprise has for the past two months been working on specific incentives which need to be developed to beat the possible impact which a global recession might have on Maltese industry and businesses. "To this effect, a consultation meeting was held with the big four auditing firms and other interested stakeholders," he said.
"Simultaneously, stakeholders were invited to submit their ideas to Malta Enterprise and a number of measures were devised and are being presented to the government at task force level," he added.
Mr Camilleri said Malta Enterprise is negotiating one-to-one with industry sectors inviting them "to leverage the current situation through increased investment which the government will support through incentive schemes which are already in place and which can be deployed in a flexible manner depending on the nature of the situation."
He said Malta Enterprise is fully aware of the issues of liquidity and collateral which business face and a number of schemes which assist micro-enterprises to access finance were in place.
Mr Camilleri said training and the development of the workforce was critical and through the ongoing collaboration with ETC, specific generic and specialised training courses are being designed to improve workers' skills and make workers more employable.
He said the euro-sterling exchange rate has hit hard companies which are either dependent on the UK market for their exports and/or which trade in sterling.
"One of the ways in which this can be countered is by the diversification of the export market as well as by the further internationalisation of the business. To this effect, the International Competitiveness Scheme launched by Malta Enterprise is ideally placed to assist these companies. It offers operational aid grants to assist businesses to tap new markets in their quest for internationalisation.
"It is encouraging to note that in the first call, 56 proposals have been received. A second call will be issued in the coming weeks."