€2bn Ulyssia superyacht contract confirmed at Monaco show
By Zak Jackson, MonacoViews Editorial
Monaco-based developers have signed a construction contract worth more than €2 billion for Ulyssia, set to become the world's largest yacht at 323 metres.
The Monaco Yacht Show this week brought the Ulyssia project a decisive step closer to reality. Its Monaco-based developers confirmed the signing of the official construction contract, valued at more than €2 billion, for what will become the largest yacht ever built at 323 metres in length.
The vessel is designed around a residential model rather than traditional charter use, with 122 private residences planned alongside 22 guest suites. For a Principality where superyachts already define much of the harbourside economy, a project of this scale signals continued confidence in Monaco as the commercial and design hub for the world's most ambitious maritime builds.
While construction timelines and the identity of the shipyard have not been detailed publicly, the contract signing during this year's Yacht Show marks a significant milestone. Given the vessel's residential concept, Ulyssia is likely to draw comparisons with Monaco's own high-end property market, offering an alternative for owners seeking permanent living space on water rather than land.