Economy Minister Silvio Schembri has announced “the largest ever new foreign direct investment project in Malta’s history.”

Speaking in a live recording from Chicago, the Minister said the investment will be in the medtech (medical technology) field.

He did not mention the company involved, saying that more details will be announced in the coming days and weeks.

The Minister said he has been working on the deal for the last two years, with the support of Malta Enterprise and INDIS.

He noted that while the 2025 announcement of STMicroelectronics' major investment in its existing factory was the largest investment in Malta by a company already operating in the country, the new medtech investment will be largest new investment.

Related

Water quality of Maltese beaches registers stark decline

August 17, 2026
by Robert Fenech

Maltese waters have suffered a downgrade from best in Europe to bang average

Casino visitor numbers fall in 2025, but gaming revenue rises by 18%

August 17, 2026
by Kevin Schembri Orland

The total number of visits to local casinos between January and December of 2025 stood at 846,848

Construction of Mater Dei Emergency Department extension and new acute mental health wards to start today

August 17, 2026
by Kevin Schembri Orland

The existing Emergency Department will remain fully operational throughout the works