Dubai - Mubasher: Malta offers favourable tax incentives and enjoys tourism-led economic growth, making it a destination to “keep an eye on”, DAMAC International’s chairman Hussain Sajwani said.
After a tour of the island and a meeting with the Maltese prime minister, Sajwani highlighted the nation’s attractiveness for investment, stating: “Malta presents an ideal mix of investment benefits that make it a very attractive place for luxury and hospitality developers looking to expand into the EU zone.”
DAMAC is currently growing its hospitality and leisure portfolio with over 13,000 hotel rooms, serviced apartments, and hotel villas in the pipeline, and eyeing further expansions, according to a press release on Monday.
“Thanks to favourable tax incentives for foreign investors as well as a stable government and leadership that continue to drive economic growth through the tourism sector, Malta is a destination that we are keeping an eye on as we continue to explore expansion opportunities there,” the chairman explained.
DAMAC has gained international attention this year through its partnership with the Trump Organization to develop the only Trump International Golf Club in the Middle East.
