Prime Minister Robert Abela inaugurated an expansion of the Pharmadox Healthcare Ltd factory. in the industrial area of Kordin, in Rahal Gdid. Together with the Minister for Economy, Enterprise and Strategic Projects Silvio Schembri, the Prime Minister also visited the ongoing work on another factory in the same industrial complex.
After meeting with the workers, including scientists and specialists in this Maltese factory of Maltese owners and which is entrusted with the testing of many medicines coming from among the best international companies, Prime Minister Abela stressed that in the discussions on different levels we not only talk about diversification in the economy to have new sectors but also about diversification in sectors that already exist.
Dr. Abela said that this is why we want to continue to strengthen the pharmaceutical industry, which is already strong as a result of a sound economic policy that has led to Malta having a jurisdiction of excellence and now our country must continue to push even on a European level the a need to strengthen the production of medicines in Europe. “I want to see that in this area, the European Union offers more funds for research and innovation so that this industry continues to strengthen automation and to have more environmentally sustainable processes,” said Prime Minister Abela.
The Prime Minister hinted at the emphasis on consolidating the investment we have and that is why expansions and growth in operations are important such as those of Pharmadox, a Maltese company that started with a few workers and today is approaching two hundred quality jobs.
The Prime Minister claimed that our country should never take the obvious economic success, even after credit ratings that note Malta’s great economic achievements but we must be careful to capitalize on the new opportunities. We also do this by investing in the educational field that prepares students for specialized jobs in emerging fields. The Prime Minister added that in our country we see a strong level of Maltese and Gozitan workers who are the reason why investment in Malta continues to grow and confidence in our country is increased by the investor who is investing his money in areas that leave a high added value in the Maltese economy.
In Pharmadox Healthcare Ltd., which is seeing an investment that will exceed €6.5 million, Minister Silvio Schembri said that the expansion of Pharmadox, the only Maltese pharmaceutical company, is a demonstration of – the trust that the private sector has in the economy of our country. “This continues to bode well for the future of our country. Such expansions can also be made, thanks to the joint work between various entities within the economy decaster, INDIS and Malta Enterprise, which as shown in this case are working side by side with the private sector. with the aids and schemes they offer. This is a blessing for businessmen and investors who know that they have an ecosystem in our country that they can rely on,” said Minister Silvio Schembri.
Photos: OPM/DOI
