Yachting Malta contributes towards the Strategic Vision for the Superyacht Industry

Close collaboration with Transport Malta and Industry Stakeholders

It has been both a privilege and an honour for Yachting Malta, in collaboration with Transport Malta and other key industry stakeholders, to actively participate in the development of the Superyacht Industry Policy document. The significance of this endeavour cannot be overstated, as it represents a pivotal step in shaping the policies that will govern the thriving superyacht industry.

The flourishing superyacht sector has emerged as a crucial pillar of our economy, delivering substantial financial benefits. Notably, Malta’s flag registry boasts a roster of over 1,100 superyachts exceeding 24 meters in length, underlining the country’s standing as a preferred destination in this sector.

Our involvement in crafting the Strategic Vision for the Superyacht Industry has empowered us to contribute to a framework that not only nurtures the growth of the sector but also ensures its sustainability and upholds high standards. This commitment underscores our dedication to advancing the interests of the maritime community and positioning Malta as a premier destination for superyachts.

The collaborative efforts between Yachting Malta, Transport Malta, and industry stakeholders in this initiative reflect a shared vision for excellence, professionalism, and responsible practices within the superyacht industry. Through active policy shaping, our aim is to establish an environment that attracts and supports superyacht owners, operators, and enthusiasts, fostering a dynamic and thriving industry that positively impacts Malta’s maritime landscape.

Minister Dr. Aaron Farrugia, Minister for Transport, Infrastructure, and Capital Projects, aptly captures the essence of our collective vision: “Our vision document for the superyacht industry is a roadmap that outlines our current position, our ambitious goals, and the detailed plan to achieve them. It encompasses the development of necessary infrastructure, introduction of innovative services, enhancement of skill sets, and implementation of fiscal and other incentives. Additionally, it highlights the strategic marketing initiatives essential for making a significant qualitative leap in this sector.”