Maritime legitimacy, geographical location, tourist destination with multiple assets meeting the expectations of shipowners & yachtsmen and a high concentration of players and services necessary for this industry.
In 2012, the MONACO YACHTING CAPITAL initiative has been launched under the leadership of the Yacht Club of Monaco.
Proud of a long tradition for innovation, Monaco is one of the most influential places in the world that sets trends in yachting: this is the opportunity to be a “Silicon Valley of the Seaside”.
Number of employees on land in the sector
Number of local companies where yachting is main source of revenue
Million euros of revenue
“The vision is simple: Monaco must always be ahead on economic and environmental issues. We must mobilise all stakeholders. It is an essential factor in our economy’s appeal to business, as the Principality offers an exceptional network of all professions operating in this industry”
Prime Minister
Monaco’s Minister of Public Works, Environment and Urban Development
“In order to preserve the fragile link between mankind and the sea, this growth and modernisation can only be achieved by respecting the marine environment.”
Interministerial Delegate for Attractiveness and Digital Transition
Vice-President and CEO of the Prince Albert II Foundation
“Yachting today faces a major evolution, and retrofit is at the centre of reflections on the sector’s future.”
YCM General Secretary
President of Cluster Yachting Monaco
“Monaco’s two harbours are already equipped with electricity terminals. A major project is underway with SEPM (which manages the harbours) and government teams to equip the main harbour wall and install electrical connections for the very large vessels”.
CEO of SMEG