The HKIA, managed by the International Hong Kong Port Authority, announced that this collaboration with the Monaco Yacht Club would benefit from its 'world-class expertise and international network,' contributing to the growth of Hong Kong's yacht economy. The Skytopia, an airport city development launched by the Authority, is expected to open in phases starting from 2028. The project focuses on transforming the area near the airport into a reference center combining maritime services, business, artisanal activities, exhibitions, entertainment, and administration.

In April, the Authority launched the marine project, with a key point being the creation of one of the largest marina areas in Hong Kong at Skytopia Yacht Bay. The planned marina area has a total capacity of 500 berths, with half of which will be dedicated to superyachts between 30 and 120 meters (98 and 394 feet) in length. The Authority is currently working on a tender for an operator.

The Yacht Club de Monaco, based in Hong Kong, announced that its international reputation and exclusivity reflect Hong Kong's will to develop the Skytopia Marine Yacht to international levels. It added that the collaboration would elevate Hong Kong as an important yachting center and attract further international boat owners. However, Ho, President of the Hong Kong National Sailing Committee, emphasized that the agreement does not guarantee reciprocal membership or recognition, but said that the Marine Yacht Skytopia would still need to respect the yacht club Monaco's rules for quality performance and yacht environment.

He also specified that the collaboration would contribute to promoting the marine yacht of Hong Kong, bringing more international clients closer and starting new activities of talent development and yacht sailing training offered by La Belle Classe Academy.