AGP Executive Report

Financial Services: Monaco was among the first signatories to a Council of Europe treaty to improve cross-border recovery of criminal assets, including digital currencies. Trade: Monaco’s Chamber of Commerce welcomed a German delegation, while a Qatari business delegation met with local counterparts to strengthen commercial ties. Yachting: The sector’s €660 million boom is outpacing the wider economy; industry leaders also discussed geopolitics and the future of sailing at a Monaco gathering. Innovation: MonacoTech has opened its latest call for startup applications, seeking new businesses to join the principality’s technology ecosystem. Events and Luxury: Luxe Pack Monaco spotlighted high-end packaging trends, while Sportel brought industry leaders together to examine changes in sports media, betting and broadcasting.

Yachting: Heesen Yachts has named Capt. Mike Rouse strategic adviser and unveiled 236-foot Project Ananda, signalling its plans for future models. Monaco’s yachting sector has also reported a €660 million boom, while industry leaders at Yacht Club de Monaco’s Winter Pop-Up discussed sanctions, shifting markets and sailing superyachts. Cross-Border Business: Monaco hosted German and Qatari business delegations to strengthen trade ties. It also joined the first signatories of a Council of Europe protocol to improve cross-border recovery of criminal assets, including digital currencies. Startups & Luxury: MonacoTech has opened its latest startup application round. Luxe Pack Monaco spotlighted high-end packaging trends, with Berlin Packaging and Ininum winning an award for a perfume-and-AI concept. Connectivity: Major rail works will suspend trains to Monaco for nearly two days in November, prompting commuters and businesses to plan for disruption.

Yachting: Monaco’s €660 million yachting boom is drawing attention, while industry leaders at the Yacht Club de Monaco discussed geopolitics, compliance costs and the sector’s future. The Principality also hosts this weekend’s Smeralda 888 championship finale and the Virginie Hériot Trophy. Trade: The Monaco Chamber of Commerce welcomed a 20-company German delegation at its first event under its new name, opening fresh business links as German firms face rising energy and labour costs. Innovation: MonacoTech has opened its latest startup call, seeking new ventures to develop in the Principality. Luxury Packaging: Luxe Pack Monaco coverage highlighted high-end packaging trends, with Berlin Packaging and Ininum recognised for work combining perfume and AI. Marine Environment: Monaco scientists’ red coral nursery has passed 800 births, a boost for local conservation efforts.

Yachting: Around 100 industry professionals met at the Yacht Club de Monaco to discuss geopolitics, shifting shipbuilding markets and the future of sailing superyachts. Trade Links: Monaco’s Chamber of Commerce welcomed a 20-company German delegation, while a separate Qatari business visit explored investment ties across energy, technology, real estate, insurance and tourism. Startup Support: MonacoTech has opened its latest call for applications, seeking new ventures to join the Principality’s startup programme. Marine Economy: Monaco’s yachting sector is reported to have reached €660 million, outpacing wider economic growth. Luxury Packaging: Luxe Pack Monaco coverage spotlighted packaging trends and an award-winning project combining perfume and AI. Culture and Property: TAEX has opened a permanent gallery in Mareterra, adding to the district’s commercial and cultural offer.

Trade & Investment: A Qatari delegation representing nearly 20 companies across energy, technology, construction, insurance and other sectors met Monaco’s leaders and business community to explore trade and investment partnerships. Yachting: Around 100 professionals at the Yacht Club de Monaco’s Winter Pop-Up discussed sanctions, tariffs, inflation and shifting markets, with speakers highlighting the sector’s concentration of expertise in the Principality. Marine Economy: Monaco’s yachting sector has recorded a €660 million boom, outpacing the wider economy and underlining the industry’s importance to the Principality. Innovation: MonacoTech has opened its latest startup call, inviting new businesses to apply for support.

Trade & Investment: A Qatari business delegation representing nearly 20 companies met Monaco officials to explore partnerships across energy, technology, real estate, construction, insurance, tourism and other sectors. Yachting Economy: Monaco’s yachting sector is booming, with €660 million in activity outpacing broader economic growth. The Principality is also preparing a new yacht mooring zone ahead of its 2027 anchoring ban. Startups: MonacoTech has opened its latest call for applications, offering another route for startups to establish themselves in the Principality. Luxury & Events: Luxe Pack Monaco spotlighted high-end packaging trends, with Berlin Packaging and Ininum recognised for an AI-driven perfume project. Sportel Monaco is also bringing industry leaders together to discuss sports brands, betting and broadcast models.

Childcare: Prince Albert II and Princess Charlene inaugurated Crèche Ida, adding 30 nursery places in La Condamine. Sports Technology: At SPORTEL Monaco, MASL, Grabyo, AIR and TeclaSystem will showcase a connected workflow using robotic cameras and cloud production to distribute live matches across platforms. Fashion: Monaco’s new autumn Fashion Week Rendez-Vous runs from 14 to 16 October, spotlighting local footwear design and sustainable fashion. Startups: MonacoTech has opened applications for its incubation and entrepreneur-in-residence programmes, with submissions due by 17 November. Yachting: Monaco’s yacht sector is reported to have reached €660 million, outpacing the wider economy. Marine Science: Monaco researchers are testing underwater lights to draw plankton to red-coral nurseries, where more than 800 young corals have been born since 2023.

Startup Growth: MonacoTech has opened applications for its latest programme, welcoming early-stage ventures and international startups seeking a base in the Principality; applications close November 17. Fashion & Packaging: Monte-Carlo Fashion Week’s new autumn rendez-vous runs October 14–16, spotlighting local craftsmanship and sustainable design. At Luxe Pack Monaco, packaging trends included refillable formats and recycled materials, while an AI-powered perfume device won a design award. Marine Economy: Monaco’s yachting sector has reached a reported €660 million, outpacing the wider economy, as work advances on a new mooring zone ahead of the 2027 anchoring ban. Ocean Research: Monaco scientists are testing underwater lights to draw plankton to a red-coral nursery, where more than 800 young corals have been born since 2023. A Larvotto cleanup also removed 30.8kg of rubbish, including 530 cigarette butts. Insurance & Events: A Monte Carlo reinsurance roundtable highlighted intense competition, rising demand for specialist cover and the impact of technology and climate risks. At SPORTEL, a live demonstration will show how cloud production and AI-powered cameras can help sports leagues distribute matches across platforms.

Startup Growth: MonacoTech has opened applications until 17 November for its incubation and Entrepreneur in Residence programmes, aimed at early-stage ventures and international startups ready to establish a presence in the Principality. Luxury Packaging: Luxe Pack Monaco spotlighted refillable formats, recycled materials and localised production. Berlin Packaging and Ininum also won a Formes de Luxe award for an AI-powered smart perfume device. Insurance: A newly released Monte Carlo reinsurance roundtable report highlights intense competition, record capacity and rising demand linked to climate, geopolitical and technology risks. Marine Economy: Monaco’s yachting sector generated €659.7 million in 2025, up 16.3% from 2022—far outpacing the wider economy. Yacht brokers accounted for more than half of turnover. Sports Business: Sportel Monaco’s 2026 programme is bringing brands into earlier discussions on sports content, audiences and data, alongside rights holders and broadcasters. Transport: Trains between Nice, Monaco and Ventimiglia will be suspended on 10 November and until the evening of 11 November for rail works, disrupting a key commuter route.

Luxury Packaging: Luxe Pack Monaco highlighted refillable formats, recycled and bio-based materials, and production closer to key markets. Berlin Packaging and Ininum also won a Beauty Tech award for an AI-powered personalised perfume device. Transport: Monaco–Nice–Ventimiglia trains will stop on 10 November and remain suspended until Wednesday evening for rail works, disrupting a key commuter route. Sports Media: Sportel Monaco’s 19 October programme will bring brands into discussions on sports content, audiences and data, alongside broadcasters and rights holders. Yachting: The sector generated €659.7 million in 2025, up 16.3% from 2022—far faster than Monaco’s overall economy—with yacht brokers driving more than half of revenue. Hospitality: Oetker Hotels named Géraud Tournier to lead Le Mas Bellevue, opening in Saint-Tropez in 2027; he previously held roles at Monaco’s Le Louis XV.

Yachting: Monaco’s maritime sector generated €659.7 million in 2025, up 16.3% since 2022—nearly five times the pace of the wider economy. Yacht brokers drove more than half the revenue. Transport: Rail services between Nice, Monaco and Ventimiglia will be suspended on 10 November and until the evening of 11 November for engineering works, disrupting a key commuter route. Sports Media: SPORTEL Monaco returns on 19 October, adding a brand-focused programme as broadcasters, rights holders and technology firms gather to discuss sports content, audiences and sponsorship. Shipping: Monaco-based DHT Holdings estimates fourth-quarter spot tanker bookings at an average $509,100 a day so far, reflecting strong rates for its global fleet. Wealth: Billionaire David Reuben’s move to Monaco adds to signs of wealthy residents leaving the UK, reinforcing the Principality’s pull for international capital.

Marine & Yachting: Monaco has begun work on a new yacht mooring zone ahead of a 2027 anchoring ban. Ayla Marina also earned the highest M3 sustainability certification. Property & Jobs: Proposed controls could reshape development on the historic Rock, while a budget debate over housing and jobs was suspended amid a clash between the National Council and Government. Finance & Investment: Billionaire David Reuben’s move to Monaco highlights the Principality’s appeal to wealthy residents amid a UK exodus; Banque Richelieu has appointed a new CEO and plans to expand in Geneva. Events & Technology: SPORTEL Monaco has unveiled its 2026 conference programme, focused on the changing global sports business. Aston Martin’s AI system, which sorts rival F1 radio messages in seconds, also draws on data from the Monaco Grand Prix.

Marine & Yachting: Monaco has begun work on a new yacht mooring zone ahead of its 2027 anchoring ban, while Yacht Show coverage highlighted practical technologies shaping the sector. Property & Policy: Proposed controls on the historic Rock and a suspended budget debate over housing and jobs put development pressures in focus. Sustainable Infrastructure: Ayla Marina earned Monaco’s highest M3 sustainability certification. Finance: Alcenza’s CEO discussed connecting Monaco investors with Dubai, as billionaire David Reuben’s move to the Principality underscores its appeal to global wealth. Tourism: Monte Carlo joins the Venice Simplon-Orient-Express itinerary in 2027, adding a luxury rail link to the Riviera.

Marine Services: Monaco has begun work on a new yacht mooring zone ahead of its 2027 anchoring ban, a shift with direct implications for visiting vessels and marina operations. Property and Jobs: Proposed controls for the historic Rock and a suspended budget debate over housing and employment put development and workforce pressures in the spotlight. Investment: Alcenza’s CEO discussed linking Monaco investors with Dubai, while billionaire David Reuben’s move to the Principality reflects its draw for internationally mobile wealth. Tourism and Sport: Monte Carlo will feature on the Venice Simplon-Orient-Express itinerary in 2027, and the Monte-Carlo Rally remains the opening round of next year’s expanded World Rally Championship. Sustainability: Ayla Marina has earned Monaco’s top M3 sustainability certification.

Investment & Property: Alcenza CEO Amiran Kavtaradze says Monaco-based investors are increasingly exploring Dubai, where buyers need to research a market that is maturing. Monaco is also drawing attention amid reports of a UK billionaire exodus, while proposed controls for the historic Rock and a clash over housing and jobs put local property and economic policy in focus. Yachting: Yacht Club de Monaco’s historic cutter Tuiga won the Tradition class at Les Voiles de Saint-Tropez, with Vice-President Pierre Casiraghi at the helm. The Principality is also preparing a new yacht mooring zone ahead of a 2027 anchoring ban. Tourism & Sport: The Monte-Carlo Rally remains the opening round of the expanded 2027 World Rally Championship, beginning January 21. Workforce & Wellbeing: A World Mental Health Day feature highlights the challenges facing Monaco’s international workforce, where transient communities can make it harder to build support networks.

Yachting: Yacht Club de Monaco’s 1909 cutter Tuiga won the Tradition class at Les Voiles de Saint-Tropez, while Monaco is preparing a new yacht mooring zone ahead of a 2027 anchoring ban. Property and Jobs: A National Council-government clash over housing and jobs suspended budget talks; proposed controls could also reshape property rules on Monaco’s historic Rock. Cross-Border Investment: Billionaire David Reuben’s move to Monaco adds to the reported UK wealth exodus. Alcenza, meanwhile, is strengthening ties with Monaco investors interested in Dubai, as its CEO says the market now calls for more careful choices.