Valencia is the capital of the autonomous community of Valencia and the third-largest city in Spain after Madrid and Barcelona, with around 800,000 inhabitants in the administrative center. Its urban area extends beyond the administrative city limits with a population of around 1.6 million people.
Valencia is Spain's third-largest metropolitan area, with a population ranging from 1.7 to 2.5 million depending on how the metropolitan area is defined. The Port of Valencia is the 5th busiest container port in Europe and the busiest container port on the Mediterranean Sea. The city is ranked at Beta-global city in the Globalization and World Cities Research Network.
Valencia was founded as a Roman colony by the consul Decimus Junius Brutus Callaicus in 138 BC and called Valentia Edetanorum. 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 ha (420 acres); this heritage of ancient monuments, views and cultural attractions makes Valencia one of the country's most popular tourist destinations.