Monaco has taken another step toward deepening its economic footprint in the Gulf, sending a delegation of business leaders to Jeddah this week in pursuit of new commercial links with Saudi Arabia. The visit, coordinated by the Monaco Economic Board, was led by Ludmilla Raconnat Le Goff, the official responsible for national attractiveness, who used the trip to push for closer cooperation in sectors where both states see room for rapid growth.
Raconnat Le Goff described the talks as promising, noting that both sides appear keen on long-term ventures across areas such as yachting, finance, tech innovation, tourism and the luxury market. Saudi Arabia, currently busy diversifying its economy at pace, is seen by Monaco as a particularly fertile ground for partnerships, while the Principality is positioning itself as a nimble, high-value collaborator able to plug into fast-moving investment ecosystems.
Early discussions highlighted several areas where Monaco’s expertise could dovetail with Saudi ambitions, raising expectations for joint ventures capable of generating fresh business on both shores. The Monaco delegation also used the occasion to promote the Principality’s economic model more broadly, stressing its strengths, stability and international outlook — a message officials are keen to make heard as they pursue wider global visibility.
Following the mission, Monaco’s Attractiveness Unit offered thanks to Saudi counterparts and the participating companies, underlining a shared intent to build new economic bridges rather than stop at polite introductions. With Jeddah now marked as a strategic waypoint, both parties leave the door wide open for future deals and, potentially, a new chapter in Monte-Carlo–Riyadh relations.
