Rafael Blasco, the spokesman for the Partido Popular in the Valencian Parliament stated yesterday that Valencia opening itself up for the staging of important events has shown us off to the world, generated wealth and jobs. 

He highlighted such events as Formula 1, the Americas Cup,the Volvo Ocean Race and the Castellon Masters Golf Championship has made the Valencian Community truly international as these represent 13% of the wealth of the autonomy, and generated employment for 300,000 people. 

He also revealed that these events have drawn 63 million visitors and added over nine billion Euros to the Valencian economy.