ARTICLE
2 April 2015

RC44 Valletta Cup Set To Leave €1.6m In Economy

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Fenech Farrugia Fiott Legal

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Fenech Farrugia Fiott Legal is a Malta-based law firm which provides a comprehensive range of services to the highest calibre of individuals and businesses. Its clients are sophisticated and dynamic and this is reflected in the way that the team challenges the conventional, and strives for excellence at every opportunity. The firm has a wealth of experience representing clients in a broad spectrum of specializations. Its partners, associates and consultants are all practising lawyers who work within the different practice areas.
The local organisers of the RC44 Valletta Cup estimate that the yachting race will leave €1.6 million in the local economy, up from their original estimate of €1.2 million.
Malta Transport

The local organisers of the RC44 Valletta Cup estimate that the yachting race will leave €1.6 million in the local economy, up from their original estimate of €1.2 million.

Most of the 11 boats taking part in the race, between Wednesday and next Sunday, have been in Malta since December 2014. Some were in storage at Carmelo Caruana Logistics Centre at the Malta Freeport while others were at Palumbo Shipyards for maintenance in preparation for the race.

Last week the boats started to make their way to Pinto Wharf at the Valletta Cruise Port for final touches before they are put into the water.

The Grand Hotel Excelsior is booked out, with over 450 guests involved in the race, which include the crews, their support teams, guests and members of international media.

The local organisers are Yachting Events Ltd, created following a chance meeting between Christian Farrugia, partner at Fenech Farrugia Fiott Legal, and Richard Henry, involved in the insurance of the America's Cup.

Dr Farrugia roped in Niki Travers Tauss, who has a passion for sailing in addition to running a successful business the maritime industry. He in turn invited Peter Valentino on board, whose experience in the world of sailing, both as a coach and international judge, completed the pool of experts required to organise an event of such magnitude.

The race could have other longer term, economic spin-offs

Link to the full article in the Times of Malta, Sunday March 22, 2015.

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