Malta's journey into the realm of the ICT sector was facilitated by governmental support, commencing in the early 1990s. Over the past years, Malta's IT industry has witnessed remarkable growth. The ongoing surge in the digital landscape has led to an escalated demand for IT professionals, aligning with the digital economy's convergence of technology and policymaking, where Malta holds a leading position. Notably, the IT industry's expansion, spanning almost three decades, has generated numerous vacancies in various fields within Malta.
Malta has appealed to several foreign direct investment. The Digital Economy and Society Index (DESI) ranks Malta seventh out of 27 EU Member States in 2022, attesting to its proficiency in information technologies, intellectual assets, and environmental sustainability. The projected Gross Domestic Product (GDP) growth of 5.8 per cent for 2022 underscores Malta's resumption of pre-pandemic economic activity. Maintaining a consistently positive credit rating and boasting a robust 9.8 per cent Gross Value Added (GVA), for the information and communications sector, further solidifies its investment appeal.
Broadwing, a local recruitment agency, attests that setting up operations in Malta offers many advantages. A spokesperson highlights that the local workforce "productive, while non-residents benefit from tax refunds through Malta's compliant tax system."The digital landscape is advanced, with SMEs excelling in technologies like Big Data and Cloud Solutions. Nationwide connectivity is robust, and online public services for businesses outscore the EU average."
Malta has solidified its stance as a hub for ICT through globally acclaimed events both locally and abroad. These events encompass the Dublin Tech Summit, Money 20/20 in Amsterdam, Gulf Information Technology Exhibition (GITEX), and Web Summit in Portugal, among others. Simultaneously, Malta has established its own technology-centric events, including the Valletta Tech Summit, iGaming Next, AI & Blockchain Summit (AIBC), and SIGMA Europe, all held on the islands. These endeavours aim to elevate Malta's technology profile by inviting international and national speakers, exhibitors, and attendees.
Broadwing highlights Malta's advances with regards Artificial Intelligence (AI), Machine Learning and Blockchain Technology, with regulatory frameworks for Distributed Ledger Technologies (DLTs), Virtual Currencies, and Initial Coin Offerings (ICOs), making Malta "an attractive destination for iGaming and Fintech – with Payment Service Providers (PSPs) and Digital Banking Services leading the charge in the global digital revolution".
The landscape of IT-related job opportunities in Malta is broad and includes roles like Quality Assurance, Software Development, IT Systems Administration, Application Development, Data Science, IT Analysts, and many others. Both established international companies and local enterprises seek tech professionals to fortify their respective IT departments and infrastructure. Additionally, smaller companies and start-ups recruit IT experts to oversee various technology related tasks within their operations.
Broadwing's vision, is to promote Malta as a hub of excellence, characterised by creativity, technological advancements, and suitability for both local and international talent. Broadwing is committed in showcasing the potential of Malta's technology sector by implementing technology to deliver a first-class candidate and client experience.
"Beyond showcasing the island's economic robustness and fiscal stability through our collaborations and partnerships with industry leading organisations, Broadwing’s recruitment platform also propels talent towards appealing new career prospects and supports their ongoing journey of professional and personal growth."
When working in the tech services sector in Malta, roles and responsibilities are contingent upon the specific industry and organisation. Explore further to gain insights into the diverse roles and responsibilities within Malta's dynamic Technology Sector.
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