Of all the Grand Prix venues, none is more glamorous or exciting than Monte-Carlo's, which has made the Monaco Formula 1 Grand Prix one of the world's most popular sports events since its inception in 1929. The Monaco Grand Prix is one of the oldest and most prestigious motor races. It is contested in the Principality of Monaco, on an urban circuit designed in 1929 by Antony Noghes, son of the President of the Automobile Club of Monaco, and under the auspices of Prince Louis II of Monaco. This creation met the challenge of organising a race on the cramped territory of Monaco (around 1.5 km2 at that time), a condition required by the International Sporting Commission so that the Automobile Club of Monaco was internationally recognised.