Following in the footsteps of his predecessor Ian Borg, transport minister Aaron Farrugia visited the world’s most exclusive superyacht event in Monaco.

During the visit to the Monaco Yacht Show, Farrugia held a number of meetings with “key industry players” to identify areas how Malta can be further develop and consolidate the lucrative super yacht business.

The former transport minister, Ian Borg – who has now been moved to foreign affairs – had also visited the Monaco Yacht Show in 2021.

During his visit to the event synonymous with the world’s rich and famous, Farrugia stopped by the ‘Maritime Malta’ stand, where Transport Malta “is providing the local yachting industry service providers and intermediaries with the ideal promotional platform to showcase Maritime Malta as an international yachting service centre.”

He added that Transport Malta’s stand enhanced “Malta’s ever-increasing presence in the worldwide superyacht industry and its recognition as the largest ship register in Europe and a popular yachting destination in the Mediterranean.”

Ian Borg visits Monaco Yacht Show

Pointing out that Malta’s government is taking a number of initiatives in support of the yachting industry to further consolidate the country’s position as a leading jurisdiction in yachting, both as a destination and the flag of choice, Farrugia thanked all the Maltese economic players for their pivotal role in placing Malta as the strongest yachting jurisdiction…