Malta’s first National Policy for Yachting is expected in the coming months, the government has hinted.

Minister for Transport, Infrastructure and Capital Projects Aaron Farrugia led a delegation which participated in the Monaco Yacht Show, the world’s leading superyacht event.

During the visit, the Minister held a number of meetings with key industry players to identify areas how this industry, which brings to Malta substantial economic returns, can be further developed and consolidated, a government statement read.

“This visit continues to build on the launch held last week of the Steering Committee to draft Malta’s first ever National Policy for Yachting.”

Minister Farrugia also visited the ‘Maritime Malta’ stand, whereby 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. 

“This further reinforces 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,” the statement read.

The government is taking a number of initiatives in support of the yachting industry in Malta to further consolidate Malta’s position as a leading jurisdiction in yachting, both as a destination and the flag of choice, the statement read.

During the visit, the Minister reiterated the firm commitment that the…