Why Monaco is Spending €2BN To Extends Over The Sea?
It is a place that attracts hundreds of thousands of visitors and is constantly innovating. A state where innovative multibillion-dollar real estate projects are underway, the most spectacular of which will open in a few months. This giant project is not in the Middle East, but in the Principality of Monaco, on the border with France.
Monaco, nicknamed “the Rock,” is a veritable coriander in geographical terms. Surrounded by France, it lies some 20 kilometers east of Nice and a stone's throw from the Italian border.
Monaco's surface area is only 2 square kilometers. It is therefore the second smallest country in the world, after the Vatican (0.44 square kilometers). By comparison, the city of Paris covers an area of 105 square kilometers.
However, with more than 39,000 inhabitants, Monaco is one of the most densely populated countries in the world. And space is a rare commodity. To expand further, a horizon was immediately identified. The Mediterranean, where man-made development projects are piling up. And the latest one is certainly the most impressive.
The new Mareterra extension has been under construction since 2015. It required a huge financial investment and the involvement of the world's leading architects. Although the project is supposed to be environmentally friendly, it has been criticized by many for turning the area into a new paradise for the rich.
Today, Looking 4 takes you to the Rock to discover one of the largest construction sites in Europe.
Additional images and videos : Mareterra, Bouygues, Eiffage.
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