The number of investors who are strongly interested in the Freeport for Luxury Items business proposal announced by MEP Candidate Helga Ellul last Saturday, has now increased to three. 

“This confirms that the project is not only doable but is also attractive to investors. This will hopefully result in the creation of 100 to 150 new, high quality, jobs” said Helga Ellul. 

Last Saturday, the MEP Candidate also stated that she had a confirmed interest from one foreign investor, but the concept being proposed would attract more investors once it was made public. 

PN MEP candidate Helga Ellul outlined a proposal for the setting up of a Freeport for Luxury Goods in Malta, a facility in which high value items would be stored free of any taxes or customs duties. These items could include anything ranging from works of art to precious stones and documents. Apart from storage, the facility could also house showrooms where people could buy or sell items on-site.

“Malta has all the qualities to enable the setting up and the successful operation of such a facility, namely its strategic location, a strong financial services sector and excellent air transport connections”, stated Ellul. She referred to the grounds at Malta International Airport as the “perfect site” for such an operation, for logistical reasons.

In the meantime, the Prime Minister Dr Joseph Muscat has also accepted to meet Helga Ellul to discuss the project in more detail.  The meeting will happen in 2 weeks time. 

“I am very optimistic that this project will see the light of day in the near future,” she said.