From Financialpost · · 1m 10s
Monaco Yacht Industry Explores New Markets
Monaco's yachting sector discusses global trends, Saudi opportunities, and superyacht challenges at Winter Pop-Up event.
In brief
Monaco's yachting sector discusses global trends, Saudi opportunities, and superyacht challenges at Winter Pop-Up event. Monaco's yachting industry grew 16.3% to €659.7m in 2025, with new markets in Saudi Arabia and Egypt emerging amid rising costs and environmental concerns. Originally reported by Financialpost.
Winter Pop-Up Event
Around 100 yachting professionals gathered at the Yacht Club de Monaco on Thursday, 8 October, for the Winter Pop-Up organized by Cluster Yachting Monaco.
Market Trends Discussed
Brokers, captains, owners and companies discussed market trends, the impact of geopolitics and the outlook for sailing superyachts.
Geopolitical Impacts
Covering customs duties, international sanctions, compliance constraints, inflation and geopolitical instability, the panel examined the tangible impacts on the market.
Saudi and Egypt Opportunities
Omer Malaz highlighted opportunities in Saudi Arabia and Egypt, while Maxwell Andrews noted building a comprehensive yachting ecosystem would take 10 to 15 years.
Maritime Economy Growth
The sector generates €659.7 million in revenue, up 16.3% compared with 2022, with 475 establishments and 1,495 employees.
Superyacht Challenges
High costs for masts and rigging, demand for space, stability, deck terraces and direct sea access, and environmental concerns are key issues.
In short
Monaco's yachting industry grew 16.3% to €659.7m in 2025, with new markets in Saudi Arabia and Egypt emerging amid rising costs and environmental concerns.
