Introduction

Introduction by Frédéric Genta

The Real Estate sector is a historical and strong pillar of the Monegasque economy: His Serene Highness Prince Rainier III has been decisive in promoting this sector, notably by expanding the country’s territory by 20% via a sea extension (the Fontvieille district).
It is also a key element of the country’s wealth creation: it represents 1,2 Billion of revenue, which is roughly 18% of the GDP.

Most of all, it is a sector which fully embodies Monaco’s priority for innovation and sustainability, as wished by H.S.H Prince Albert II.

Driven by the Sovereign Prince’s will, the Government has built a full-fledged digital ecosystem, ready to support innovation in Real Estate, notably with three components:

• Leading infrastructures with the first Sovereign Cloud in Europe, 5G and Fiber fully deployed networks and a Digital Twin for all the country;
• A commitment to research excellence and an ambition to become an intellectual hub via a partnership with ESCP Business school and promising start-ups;
• A will to foster the digitalization of the Monegasque economy via multiple initiatives such as the Blue Fund (a financial support mechanism which has already funded more than 600 projects) and the Government digital training program (more than 20 events and an online course platform resulting in 2800 professionals trained).

We would like to welcome you to this initiative and can’t wait to build together the present and the future of Real Estate in the Principality!