Monaco’s $2 Billion Gamble: Expanding into the Ocean
Monaco Is Building Largest City On the Sea
A tiny Mediterranean nation, Monaco, is undergoing a massive transformation. Despite its limited land area, the principality is known for its luxurious lifestyle and high-end real estate. Now, Monaco is pushing its boundaries even further with the Mareterra project – a groundbreaking development that will extend the country into the sea.
This ambitious project, estimated to cost billions of dollars, has been in the works since 2015. It involves reclaiming land from the Mediterranean Sea to create a new district. The development will feature luxury residences, upscale retail spaces, and waterfront amenities.
While the Mareterra project promises to enhance Monaco's appeal as a tourist destination and boost its economy, it has also faced criticism. Some argue that the expansion will further exacerbate the principality's already high cost of living and create an even more exclusive environment.
Despite the controversy, the Mareterra project is expected to be completed soon, adding a significant new chapter to Monaco's story.
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