Málaga is the fourth-ranking city in economic activity in Spain behind Madrid, Barcelona and Valencia.
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. The Andalusia Technology Park (PTA) (In Spanish, "Parque Tecnológico de Andalucía"), located in Málaga, has enjoyed significant growth since its inauguration in 1992 by the King of Spain. As of 2010, this high-tech, science and industrial park is home to 509 companies and employs over 14,500 people.
In line with the city's strategic plan, the campaign "Málaga: Open for Business" is directed towards the international promotion of the city on all levels but fundamentally on a business level. The campaign places a special emphasis on new technologies as well as innovation and research in order to promote the city as a reference and focal point for many global business initiatives and projects.
Málaga is a city of commerce and tourism has been a growing source of revenue, driven by the presence of a major airport, the improvement of communications, and new infrastructure such as the AVE and the maritime station, and new cultural facilities such as the Picasso Museum, the Contemporary Art Center and Trade Fair and Congress, which have drawn more tourists.
The city hosts the International Association of Science and Technology Parks (IASP) (Asociación Internacional de Parques Tecnológicos), and a group of IT company executives and business leaders has launched an information sector initiative, Málaga Valley e-27, which seeks to make Málaga the Silicon Valley of Europe. Málaga has had strong growth in new technology industries, mainly located in the Technological Park of Andalusia, and in the construction sector. The city is home to the largest bank in Andalusia,Unicaja, and such local companies as Mayoral, Charanga, Sando, Vera, Ubago, Isofoton, Tedial,
