Local overview
Málaga is a municipality of Spain and the capital of the province of Málaga, in the autonomous community of Andalusia. It lies in Southern Iberia on the Costa del Sol ('Coast of the Sun') of the Mediterranean, primarily on the left bank of the Guadalhorce. The urban core originally developed in the space between the Gibralfaro Hill and the Guadalmedina.
According to most scholars, it was founded about 770 BC by the Phoenicians from Tyre as Malaka. From the 6th century BC the city was under the hegemony of Ancient Carthage, and from 218 BC, it was under Roman rule, economically prospering owing to garum production. In the 8th century, after a period of Visigothic and Byzantine rule, it was placed under Islamic rule. In 1487, the Crown of Castile gained control in the midst of the Granada War. In the 19th century, the city underwent a period of industrialisation followed by a decay in all socioeconomic parameters in the last third of the century.
The most important business sectors in Málaga are tourism, construction and technology services, but other sectors such as transportation and logistics are beginning to expand. Málaga has consolidated as a tech hub, with companies mainly concentrated in the Málaga TechPark (Technology Park of Andalusia). It hosts the headquarters of the region's largest bank, Unicaja, and it is the fourth-ranking city in Spain in terms of economic activity. Regarding transportation, Málaga is served by the Málaga–Costa del Sol Airport and the Port of Málaga, and the city was connected to the high-speed railway network in 2007.
