Malta’s seas represent a largely untapped resource, with growing recognition that the next significant economic sector may well arise from its surrounding blue waters.
This trend is not unique to Malta; worldwide, there is a growing focus on the ocean’s role in food production and renewable energy as major opportunities for economic development.
In response to this, Malta has initiated the Blue Med Focal Point, serving as a critical contact for companies looking to develop sustainable blue economy ventures. This initiative is designed to support businesses in creating innovative niches within the maritime sector, thereby facilitating growth and sustainability.
Through the initiative, the Government has also allocated €4 million to attract startups, scale-ups and SMEs with innovative solutions in the fields of blue tech and biotechnology, the mitigation of ocean pollution, blue economy innovation, and blue renewable energy.
The opportunities are vast, and with this being considered a priority area for development by Maltese authorities, there is a raft of incentives investors can make use of, including dedicated programmes aimed at deepening the field of knowledge through research efforts.
Potential investors are encouraged to reach out to Malta Enterprise and the Malta Maritime Forum, which serves as a vital resource by connecting local expertise with international interests, helping to advance Malta’s position in the global blue economy.
