Valencia is the capital of the autonomous community of Valencia and its province. It is the third largest city in Spain and the 21st largest in the European Union. It forms part of an industrial area on the Costa del Azahar.
The estimated population of the city of Valencia proper was 810,064[1] as of 2008 official statistics. The population of the metropolitan area was 1,583,331 (865 km²). Including the satellite urban area of Sagunto, the total population of the extended region was 1,705,742 (1,161 km²).[2] As of 2007, the mayor of Valencia is Rita Barberá Nolla.
Its main festival, "The Fallas", has a reputation throughout Spain, while the world famous Spanish dish paella originated around Valencia.
The city contains a dense monumental heritage (including the Lonja de la Seda (World Heritage Site since 1996), but its landmark is undoubtedly the City of Arts and Sciences an avant-garde and futuristic museum complex.
Valencia has a very changeable Mediterranean climate, with hot dry summers, mild humid winters and stormy autumns and springs.
Its average temperature is 17.8 °C (64 °F). As the chart shows their average values range from 11.5 °C (52.7 °F) January and the 25.5°C (72.5 °F) August.
The precipitation is 454 mm. (~17.87 inches) per year. This is usually intense and concentrated in the Autumn.
Formerly an industrial city, Valencia saw rapid development that started in the mid-1990s, expanding its cultural and touristic possibilities, which turned it into a vibrant city, restoring old landmarks like the old Towers of the medieval city (Serrano Towers and Quart Towers), monasteries like the San Miguel Monastery, which now holds a specialized library, the whole Malvarrosa beach, with the construction of a 4 km (2 mi) long paseo or complete quarters, like the old Carmen Quarter, which has seen extensive renovation.
Another appealing feature of the city is its numerous convention centers, like the Valencia Fair (Feria de Valencia), the Conference Palace (Palau de Congressos) and several 5 star hotels.
The city of Valencia and the surrounding area are expected to attract millions of visitors from around the world given that the city of Valencia has been chosen to host the 32nd Americas cup. The first America's Cup competitions took place in June and July 2005 and were key attractions during the summer of 2005. According to official data from the organizing committee, as many as 150,000 visitors flocked to Valencia's port each day during the two-week events.
Also, on 10 may 2007, Bernie Ecclestone announced that Valencia will be the host of an urban circuit of F1 beginning in 2008, and on 1 June2007 the contract was signed in the F1 headquarters.
