The Monaco Economic Board has concluded a major business mission to Jeddah, reinforcing the Principality’s growing economic ties with Saudi Arabia and positioning Monegasque companies at the heart of one of the world’s fastest-evolving markets…
Following earlier exploratory visits to Riyadh, this new stage focused on Jeddah, long regarded as the Kingdom’s commercial gateway and strategic hub on the Red Sea. A record delegation took part in the mission, bringing together 51 participants representing 42 companies from Monaco. The wide range of sectors on display reflected the diversity of the Principality’s economy, with strong representation from banking, insurance, legal services, yachting, logistics, energy, water management, family offices and business consultancy.
Throughout the visit, meetings highlighted Jeddah’s expanding role as a centre for trade, tourism, infrastructure and maritime development. While contracts are rarely signed immediately during such missions, the objective was to establish relationships, explore long-term opportunities and position Monaco as a trusted partner in high-value projects. Several promising contacts were made, particularly in marina development, hospitality, and multi-family office investment.
The mission also underlined how international business opportunities are now far more geographically diversified than in the past. After recent stops in Paraguay and China, Saudi Arabia represents another key frontier for Monegasque entrepreneurs looking to expand beyond traditional markets.
By facilitating direct access, encouraging cross-sector collaboration and supporting companies at every stage of their international growth, the Monaco Economic Board continues to play a central role in extending Monaco’s economic influence well beyond Europe. This latest mission confirms Saudi Arabia as a strategic priority for the years ahead.
Photo by Suhrid
