The Royal Swedish Ballet is one of the oldest ballet companies in Europe. Based in Stockholm, Sweden, King Gustav III founded the ballet in 1773 as a part of his national cultural project in response to the French and Italian dominance in this field; he also founded the Royal Swedish Opera and the Royal Dramatic Theatre. All of these were initially located in the old theatre of Bollhuset. The troupe was founded with the opening of the Royal Swedish Opera, which has served as its home since that time.