Monaco made a powerful impression at the 2025 World Economic Forum in Davos with the debut of the Monaco House, a dedicated space promoting the Principality’s excellence to global leaders. Hosted by Monaco’s Cellule Attractivité in collaboration with the Prince Albert II of Monaco Foundation, the event welcomed over 400 participants from 50 countries, positioning itself as a standout feature of this prestigious global gathering.
“Monaco’s commitment to innovation, sustainability, and collaboration demonstrates our determination to be a force for positive change on the global stage,” said Prince Albert II during his closing speech. “Through initiatives like the Monaco House, we can share our vision and build partnerships that inspire a more sustainable and prosperous future.”
A day of dynamic dialogue and impactful speakers
The Monaco House offered a programme of 14 conferences featuring 30 influential speakers, including Shaikh Salman bin Khalifa Al-Khalifa, Bahrain’s Minister of Finance and National Economy, McKinsey France CEO Clarisse Magnin, Solar Impulse Foundation President Bertrand Piccard, Carlyle Group Co-founder David Rubenstein, and former U.S. Treasury Secretary Larry Summers. According to a statement by the Monaco Government, the sessions facilitated in-depth discussions on some of the most pressing global challenges and opportunities.
Strategic partnerships also took centre stage, with key players such as the Monaco Economic Board (MEB), the Association Monégasque des Activités Financières, Monte-Carlo Société des Bains de Mer (SBM), and Monaco Private Label (MPL) participating. The MPL hosted an exclusive evening for its members and international investors, fostering valuable connections and advancing Monaco’s global appeal.
“With the Monaco House, Monaco’s economic players are building strategic partnerships with global leaders,” said Frédéric Genta, Interministerial Delegate for Attractiveness and Digital Transition.
Chloé Boscagli, Director of Monaco Private Label, added, “This event demonstrates the strength of our collective. The mobilisation of Monaco’s key economic players and the involvement of MPL members were instrumental in its success.”
Highlighting Monaco’s economic excellence
As part of the Monaco House programme, the Monaco Economic Board led a session on ‘Mobilising innovation from Monaco: Leaders’ ideas on transforming the energy sector for a sustainable future’. Dietsmann, a long-established Monaco-based company specialising in energy operations and maintenance, was highlighted as a case study in entrepreneurial success.
Dietsmann’s Founder and President, Peter Kütemann, shared the company’s growth journey since its establishment in Monaco in 1981, growing from four employees to over 120 in Monaco and 4,500 globally. He credited Monaco’s political and fiscal stability, safety, and exceptional quality of life as key factors in the company’s success.
Cesare Canevese, Dietsmann’s CEO, also emphasised Monaco’s strategic advantages, including its proximity to Nice airport, strong connectivity, and alignment with sustainability goals championed by Prince Albert II. “Our innovation in reducing carbon footprints resonates with the Principality’s vision for a sustainable future, which our clients value deeply,” he said, according to a statement by the MEB.
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Photo: Prince Albert II with, from left to right, PFA2 Vice President Olivier Wenden, Director of Monaco Private Label Chloé Boscagli, Interministerial Delegate for Attractiveness and Digital Transition Frédéric Genta, and Anastasios (Tassos) Economou, Global Chairman YPO