Malta International Airport is one of the major contributors to the Maltese economy and as part of its business plan following privatisation MIA has pursued expansion plans and investments that have potential synergies with its core operations.  MIA is now pleased to announce that it has submitted all applications for the necessary permits and will be commencing the construction of a Business Park which is initially intended to include office and retail accommodation scheduled to be completed by the second half of 2011.  This is yet another initiative which falls within the parametres of its diversification strategy.

MIA is moreover pleased to announce that it has concluded an agreement with Vodafone Malta that will be its first anchor tenant of this business park.  Vodafone Malta will be occupying 2,500 square metres of office space plus 600 square metres of terrace area on the top floor.
 
The construction which is estimated to involve an investment of 16 million Euros will have a footprint of 3,100 square metres on nine levels of which two for underground parking, two for retail space, two dedicated for F & B facilities and five as offices area.  The total rentable area will be 14,000 square metres excluding car parking space.  'The site is indeed an ideal location for a prestigious multinational company and we are gratified to have an entity of the dimension of Vodafone Malta as our tenants which makes us confident of achieving success.  Moreover this is also a convenient time to invest on such a project when construction costs are low' said Julian Jaeger CEO of MIA, elaborating that the area is in the vicinity of the arterial road network and has excellent access to public transport.  The project management shall be under the aegis of MIA plc whereas the project architect is Dr Edwin Mintoff with Mechanical and Engineering consultants Scicluna and Associates Ltd.  The building will be an energy efficient edifice of high standard security and finishes complying with all health and safety requirements and will be accessible to all.

Communications Department

Malta International Airport plc

22nd July 2009