page_title: Palermo
section_title: Economy and infrastructure
hierarchical_section_title: Palermo / Economy and infrastructure
caption_attribution_description: Mondello beach, Palermo
context_page_description: Palermo is a city of southern Italy, the capital of both the autonomous region of Sicily and the Metropolitan City of Palermo. The city is noted for its history, culture, architecture and gastronomy, playing an important role throughout much of its existence; it is over 2,700 years old. Palermo is in the northwest of the island of Sicily, by the Gulf of Palermo in the Tyrrhenian Sea.
  The city was founded in 734 BC by the Phoenicians as Ziz. Palermo then became a possession of Carthage. Two Greek colonies were established, known collectively as Panormos or "All-Port"; the Carthaginians used this name on their coins after the 5th century BC. As Panormus, the town became part of the Roman Republic and Empire for over a thousand years. From 831 to 1072 the city was under Arab rule during the Emirate of Sicily when the city first became a capital. The Arabs shifted the Greek name into Balarm, the root for Palermo's present-day name. Following the Norman reconquest, Palermo became the capital of a new kingdom, the Kingdom of Sicily and the capital of the Holy Roman Empire under Emperor Frederick II and King Conrad IV.
context_section_description: Being Sicily's administrative capital, Palermo is a centre for much of the region's finance, tourism and commerce. The city currently hosts an international airport, and Palermo's economic growth over the years has brought the opening of many new businesses. The economy mainly relies on tourism and services, but also has commerce, shipbuilding and agriculture. The city, however, still has high unemployment levels, high corruption and a significant black market empire (Palermo being the home of the Sicilian Mafia).
caption: The Mondello Beach, one of the main tourist destinations
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