Alicante is one of the fastest-growing cities in Spain. Its economy is based upon tourism from the beaches and from the construction boom which began towards the end of the 90’s. But on a much smaller scale also play a role in the economy the agriculture, wine production, services and administration.
In the late 20th century and early 21st Alicante’s construction boom century has raised many environmental concerns, and governmental bodies have been under scrutiny by the European Union. Recent developments in the global economy (2008) have caused far more serious concerns for those who have chosen to live the Spanish dream. Many builders have gone into liquidation and have left a high number of overseas purchasers homeless. Many expatriate the U.K. are struggling to survive with the Pound Sterling plummeting against the Euro and mortgages are becoming harder to pay off. It will take a considerable amount of time for expatriates to get back on their feet.
Alicante’s provincial economy is strong, ranking as Spain’s fourth largest province in terms of its Gross Domestic Product and number of inhabitants, plus its highly active University. These strengths have given rise to a well-consolidated tradition in the field of organizing congresses, conventions and professional meetings of all kinds.
The city is prospering and growing rapidly. Known as the ‘The City of Light’ its which means light. Apart from this, there is plenty of local, with hospitality and cordiality rating high, plus a multifaceted entertainment and cultural line-up that attracts people to this city throughout the year.
Alicante offers good transports. Its airport has connections to all parts of Spain and Europe. In addition, the city has a bus station and a central train station that offers daily connections to Madrid, Valencia, Barcelona and Seville. Bus Services cover virtually every part of Spain.