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Valencia is the capital of the autonomous community of Valencia and the third largest city in Spain after Madrid and Barcelona, with around 809,000 inhabitants in the administrative centre. Valencia is also Spain's third largest metropolitan area, with a population ranging from 1.7 to 2.3 million. The city has global city status. The Port of Valencia is the 5th busiest container port in Europe and the largest on the Mediterranean Sea, with a trade volume of 4.21 million TEU's.
Valencia was founded as a Roman colony in 138 BC. The city is situated on the banks of the Turia, on the east coast of the Iberian Peninsula, fronting the Gulf of Valencia on the Mediterranean Sea. Its historic centre is one of the largest in Spain, with approximately 169 acres; this heritage of ancient monuments, views and cultural attractions makes Valencia one of the country's most popular tourist destinations.