‘2019 is the year we will diversify the group’
Melo Hili, CEO of Hili Ventures, shares some of his expansion plans with Anthony Manduca, including moving into the hospitality and marine sectors.
Hili Ventures plans to diversify its portfolio into a number of areas, including the hospitality, container leasing and marine sectors, and intends to position the company as an investment partner on the continent, Melo Hili, the group CEO tells The Sunday Times of Malta.
“We have earmarked a total of €200 million for our investment programme for the next three years. Approximately half of this will be directed to existing activities and the rest will be channelled towards new business,” he points out.
As part of the group’s growth strategy, Hili Ventures will venture into hospitality, which is an entirely new area of business for them.
“We have just established a company called HV Hospitality and we are bringing a team of highly experienced professionals together to get this new subsidiary of the group off the ground. This team is examining the potential of a number of great properties in the hospitality industry. Our primary interest is islands in the Mediterranean.
“I can confirm that we are well on our way to acquire the Comino...