New yacht cluster begins

Nov 14, 2014 by Guest Writer

Yachting professionals created the Monaco Yachting Cluster, just the second in the world after Barcelona.

“While there may be numerous maritime clusters, only Barcelona has adopted this approach as a business tool which many professionals in the yachting industry consider to be indispensable,” the cluster said in a news release announcing its formation.

This cluster, officially formed at the Monaco Yacht Show in September, is designed to bring together professionals in Monaco and is the result of “deliberations by a high-level committee set up by the Monaco government three years ago to enhance the country’s attractiveness,” the release stated.

More than 100 companies make up the yachting sector in Monaco, and more than 50 professionals attended the cluster meeting.

“They all agree that the industry in the Principality remains too much in the background, given its reputation, and deserves a much higher profile, both locally and abroad,” the news release stated.

The primary objectives are ongoing dialogue with key decision-makers, and interaction and development of synergies between professionals. The Monaco Yacht Cluster was created during the Monaco Yacht Show at a gathering of the Constituent Assembly at the Yacht Club de Monaco, where it will be headquartered.

The assembly elected 20 candidates to the Board of Directors for a period of one year and unanimously agreed on the president, Bernard d’ Alessandri, secretary general of the YCM who initiated the project.

“The yachting industry is not adequately represented in the Principality, even though the surface area of Monaco’s two ports represents 10 percent of the country,” d’ Alessandri said. “The cluster will provide a showcase to the world for this rapidly expanding sector, and source of so many direct and indirect economic benefits. It’s up to us to highlight our assets and promote our destination as a center of excellence with the aim being to confirm Monaco as the capital of yachting.”

For more information, visit