The prestigious motorsport race held annually in Monaco is known as the Monaco Grand Prix. It's part of the Formula One calendar and is famous for its challenging street circuit, which includes tight corners and elevation changes, making it a test of skill and precision for drivers. Established in 1929, this iconic race attracts numerous spectators and remains a highlight of the motorsport season. The glamorous setting, coupled with the rich history of the event, solidifies its reputation as one of the most esteemed races in the world.