BROWSE THROUGH OUR TRADE FAIRS IN MONACO FOR YACHTING INDUSTRY

Monaco is among the prominent and significant countries in the yachting industry. This is due to the comparatively compact segment in the state featuring notable high values. It also includes relatively high employment. For example, it has recently extended to include more than 300 enterprises. They range from SMEs to extensive corporations. This results in the direct employment of up to 1 500 specialists throughout the entire value chain. It also results in an extensive yacht fleet. For example,the total value of its superyachts has reached 3 100 000 000 USD in recent years. In addition, it results in a sector with an annual turnover of up to 750 000 000 USD. This results in the Principality being the third most extensive yachting sector. It applies, particularly, regarding yacht brokerage and management. The segment is also a leading and central innovation hub due to various causes. Among them is its high focus on furthering its development. For example, recent projects include reaching a turnover of more than 1 000 000 000 USD and employing up to 1 800 specialists in the upcoming years. Generally, the sector presents its latest innovations and development plans during trade expos. It includes during annual events in Monaco-Ville. They attract tens of thousands of attendees.