| The establishment of Malita Investments plc, the investment holding company mandated to acquire, develop and manage strategic real estate, will ensure a structure that allows future national projects to be realised, chairman Kenneth Farrugia has insisted.
“What is wrong with having a sovereign wealth fund ‘lookalike’ which is in a position to independently fund national projects as against the legacy system of funding them from the government’s coffers?” he asked. “Malita’s business is at arm’s length, there is more focus, more ownership from the public. Malita will be on the Malta Stock Exchange’s official list which requires full transparency.”..............................................Full Article: Source
|