Government launches new entity to lead investments and partnerships
Malta Investments and Economic Advisory will carry out the work previously done by three entities, Silvio Schembri said
Malta’s strategic investments and public-private partnerships will be driven by a new government entity, the Malta Investments and Economic Advisory (MIEA), launched on Monday by Economy Minister Silvio Schembri.
MIEA will bring together work previously carried out by three government entities, Schembri said during the entity’s launch on Monday morning.
Monday’s event marked the formal merger of Malta Government Investments (MGI), the government’s holding company, and Malta Strategic Partnership Projects (MSPP), its contact point for public-private partnerships.
MIEA will also incorporate the work carried out by Mimcol, which was wound down in 2024. At the time, authorities said that the distinction between Mimcol and Malta Government Investments had become “blurred”.
MGI chair Ronald Mizzi echoed this during Monday’s launch, saying “MGI and Mimcol had lost some of their identity and purpose” over the years, finding themselves in need of a new scope.
“MIEA is an entity that gathers everything that was previously dispersed, namely the experience of MGI in shareholding and investment, that of Mimcol in government restructuring and MSPP in driving public-private partnerships,” Mizzi said.
Schembri said the new entity marks “a clear message on how Malta views its future, more structured and coordinated, with a strong economic vision based on sustainability and quality of life,” pointing to how it is set to be key player in the government’s work on Vision 2050.
“This merger is not simply a restructuring, it is a step that aligns with Vision 2050,” he insisted.
Schembri argued that MIEA will aim to operate as the government’s strategic mind, providing economic advice and encouraging evidence-based policy, driving strategic projects such as the government’s plans for land reclamation, and promoting partnerships between government and private companies.
In practice, MIEA will provide the public sector and local councils with services such as bookkeeping, human resources and legal advice.
It will also be tasked with managing several of its planned projects and public-private partnerships, such as the redevelopment of the iconic Sliema Chalet, as well as the Evans Building and Pixkerija in Valletta.
MIEA will be chaired by economist and Economy Ministry permanent secretary Godwin Mifsud, with Karl Azzopardi serving as the entity’s CEO.