World-class events raise the Principality’s profile

A CONSTITUTIONAL monarchy, Monaco is ruled over by one of Europe’s oldest royal families. The reign of the House of Grimaldi began more than 700 years ago in 1297 and has continued more or less ever since; Monaco was under French control from 1789 to 1814.
The current chief of state is Prince Rainier III, who acceded to the throne 53 years ago. In 1956, the Prince made headlines all over the United States when he married movie star Grace Kelly. They were one of the world’s most famous couples until her death in 1982.

The monarchy continues to contribute to Monaco’s high-status image today. However, the Principality’s international profile is also regularly highlighted by a series of world-class sporting events.
Monte Carlo is synonymous with motor racing—the legendary Monte Carlo Rally will celebrate its centenary in 2011. In May, Monte Carlo’s narrow, winding streets are packed with spectators for the Monaco Formula One Grand Prix, one of the most thrilling and challenging motor racing spectacles in the world.

The Principality’s natural sheltered harbor, currently undergoing extension and refurbishment, is one of the most attractive and frequented in the Mediterranean. It’s beauty has made the exclusive Monaco Yacht Show another high point of the yachting calendar. With its focus on superyachts, the show attracts the world’s premier vessels and thousands of sightseers.

Off the water, there are exhibitions and plenty of opportunities for business in yacht services for representatives from shipyards, brokers, naval architects and designers, and service and equipment companies.
Other notable yachting events include the biennial Monaco Classic Week, organized by the Monaco Yacht Club, whose President is Prince Albert, the heir apparent, and the Prada Challenge for Classic Yachts.

Also on the list of prestigious international sporting events are the annual Monte Carlo International Tennis Masters Series, the Delta Tour of Champions, a new tennis showcase launched last year, and the annual Monte Carlo Pro-Celebrity Golf Tournament.
Celebrities from around the world are drawn to events such as the Monte Carlo Television Festival, now in its 43rd year, and the World Music Awards.