The Prime Minister has officially opened Malta’s first global data centre at the Enemalta underground facility in Marsa.
Joseph Muscat said that just five years ago Enemalta was regarded as a major risk and threat to the Maltese economy, suffering huge losses.
He said: ‘Through sustained effort and commitment of Enemalta employees, the corporation is now in a situation where agencies like Standard and Poor’s confirmed that Enemalta made a great turnaround to a more sustainable and profitable position.
‘Preparing the right infrastructure as well as other factors are important for Malta to become a hub for digital innovation and such investments will further enhance Malta’s presence in the technology and innovation industries.’
The Prime Minister said he was confident that Streamcast would grow its business ventures in Malta.
He added: ‘This project is yet another seal of approval that as a country we are doing everything we can to ensure growth and to remain relevant in a fast-paced, digital world.’
With an initial investment of €5 million, the project has the potential to become one of the biggest in Enemalta’s recent history.
Photos: DoI Malta