Malta Chamber of SMEs unveiled its 50 proposals for Budget 2023
22 September 2022
The Malta Chamber of SMEs launched 50 proposals for Budget 2023 during a press...
The Mriehel Industrial Foundation is a private-public organization for public benefit. The long-term objective of the Foundation is to draw up a vision for Mriehel that ensures a development which can embrace both private and public investment in a common goal of economic and urban growth responsive to international business and investment potential whilst respecting traditional urban and environmental qualities.
In the immediate term, the Foundation will seek to manage Mriehel on a day-to-day basis addressing current and practical challenges to better support business operations. It will be a one-stop-shop for landlords and tenants within the area and will be a direct link to competent authorities and the local councils.
Entrepreneurs operating from Mrieħel industrial estate have joined forces with the government and set up a foundation tasked to embellish the area and turn it to a modern business park. The biggest 16 private operators in Mriehel have come together and elected 6 amongst them as their representatives to form part of the Foundation. The Government has elected 6 representatives from its side to contribute to the Foundation that include MEPA, Transport Malta, GRTU and B’Kara Local Council.
The foundation will receive up to €400,000 from the state, which will be complemented by an equal amount from the members, as well as any planning authority fees related to development in this industrial zone. The Industrial Zone has a multitude of priorities. These include access to commercial services, construction of roads, health and safety in the area, parking facilities, catering for floods, improvement of accessibility and traffic congestion issues and addressing the general unkept environment.
In addition, the Foundation will ensure that Mriehel will gradually change in a dezignated zone for manufacturing and international commerce.The area has great potential to compete with foreign international commercial zones.
The Foundation will act as the voice of the different stakeholders and GRTU will be representing the interest of small businesses through GRTU’s President Paul Abela who is a member of the Foundation.
GRTU will shortly be calling a meeting for small businesses in the area and will be electing a committee that it will consult on developments.
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