Valencia is the capital city of Carabobo State, and the third largest city of Venezuela. The city is an economic hub that contains Venezuela's top industries and manufacturing companies.
The population of Nueva Valencia del Rey reached some 1.5 million in the year 2003, and it is expected to grow dramatically in the years to come. Caracas lies some 180 km away to the East. Valencia, as a city (not to be confused with the homonym municipality Valencia), is integrated by five (5) municipalities of Carabobo State.