Lonestar Corporation, a UAE company that recently shifted its domicile to Malta, announced that it had won two contracts totalling nearly six million dollars in the former Soviet Republics of Tajikistan and Uzbekistan.
The contracts are to supply transportation and construction equipment to assist the governments’ infrastructure development programmes.
Lonestar is sourcing the equipment from China. Ian Smith, one of the directors of the company, said that Lonestar was the single largest Maltese company facilitating exports from China, having contracted for nearly seventy million dollars worth of Chinese equipment, in the year up to July.
Lonestar is also servicing a contract to supply the services of medical professionals from the Philippines, to oil companies in Central Asia and North Africa.
Lonestar moved its operational HQ to Malta attracted by the government’s incentives to companies to shift their regional head quarters to Malta, taking advantage of Malta’s tax regime, skilled workforce and quality of life and its geographical position.