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Karl Schembri
The Chief Executive Officer of the state-owned company in charge of industrial parks, Patrick Catania, is the latest head in Investments Minister Austin Gatt’s portfolio to tender his resignation.
A spokesman for the minister said Catania “has voluntarily terminated his contract” as CEO of Malta Industrial Parks Ltd with effect from the end of this month.
“We are informed that Mr Catania took up an offer of employment in the private sector,” he said. “Both the ministry and MIP would like to express their appreciation for Mr Catania's work and professional commitment given to the company and formerly to the MDC.”
MIP has the delicate task of attracting foreign direct investment and boosting the economy by allocating industrial facilities and public land for enterprise, a much needed area of government intervention that is far from yielding the expected results.
The company has over 600 properties with factory rent arrears standing at more than Lm4.6 million accumulated over the last five years.
Catania follows a long list of chairmen and chief executives falling under Austin Gatt’s ministry to resign since the latter became responsible for government investments. Only last week, Juanito Camilleri resigned from Chief Executive Officer of go mobile to join Melita Cable.
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