The Malta Developers Association has said that some of its members are being “targeted” by people who have an “anti-development agenda, with the objective of restricting it, with loss of investment that generates employment in our country.”

In a statement, MDA President Michael Stivala, highlighted that “property development is not done solely by members of the MDA, but also by hoteliers, commercial businesses and private individuals.”

However, it regretted to not that it is only members of the MDA who are being “demonised by some people who seem intent on stopping development in our country.”

The MDA pointed out that “several property developers are financed through bond issues in which many small investors including families and pensioners have invested their savings.”

The Association said that it “makes it very clear that it will continue defending its members and their right to continue investing, as long as they continue respecting all regulations, laws and policies.”

In the coming days, members from the MDA are meeting with Government representatives to indicate where bureaucracy is stifling those who operate well within the laws and regulations.”

At the same time, MDA said it “welcomes all reforms which promote more sustainable development and higher quality.

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