As perhaps many of you have heard Monaco is the place where you can find some of the world’s most exclusive and expensive cars. Sovereign Prince Albert II just revealed a new super car prototype named ALA 50 meant to celebrate the 25th anniversary of the local automaker, Monte Carlo Automobile.

The design of the new ALA 50 is signed by Fulvio Maria Ballabio, the founder of the company, who work together with Guglielmo and Roberto Bellasi. The new model is 100% made of carbon-fiber and features a 650 hp V8 engine originally developed by Christian Contzen, an ex boss of Renault Sport.

Fulvio and its team intend to release the car for the 2010 Le Mans 24 Hours race and they announce to start a limited production of a road- going version very soon after, if the car achieves the success expected.