The Malta Independent 25 April 2024, Thursday
View E-Paper

Goal for video gaming sector to comprise 1% of GDP in 10 years’ time

Wednesday, 1 May 2019, 08:30 Last update: about 6 years ago

Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri yesterday visited Exient, a game development studio company with its headquarters in Malta.

“Our vision for the video gaming development sector is to see it grow from 0.1% to 1% of our economy GDP in 10 years’ time, with new job opportunities going up to 2,500,” said Silvio Schembri, while adding that recently, the Cabinet approved Malta’s Esports, Video Gaming and Game Development Strategy which will be announced soon.

“At the moment, Malta is home to 15 game development studios which employ more than 200 employees. The video games business model is structurally different from iGaming. Game developers need industry led, sector-specific expertise and support to be able to grow. Hence, it is the Government’s commitment to push further this industry and Malta’s name to the forefront,” Schembri said.

Exient has been in Malta for the past five years, throughout which it developed many popular games

 

  • don't miss