In October 2024, Valencia experienced one of the most catastrophic natural disasters in Spain's recent history. Torrential rains from a DANA (Depresión Aislada en Niveles Altos) weather system unleashed flash floods that claimed over 220 lives, displaced 15,000 residents, and caused damages exceeding €10 billion. Complementing national efforts, the European Investment Bank announced a €900 million aid package to support Spain's recovery, emphasizing the need for rebuilding infrastructure resilient to future climate shocks.

In response, the Spanish government unveiled a comprehensive flood resilience plan. This includes €90 million allocated for diverting waters from the Barranco de la Saleta in Aldaia and €42 million for flood protection projects in the Bajo Júcar region. An additional €335 million is earmarked for eight new interventions, focusing on river protection, reforestation, and the creation of flood zones in areas like Chiva and the Albufera Natural Park.

Local communities have played a pivotal role in the recovery process. Initiatives like "Innovació per a la recuperació" have gathered input from over 1,500 citizens to shape a collective recovery agenda. Efforts are also underway to restore damaged cultural heritage sites, with preliminary assessments indicating that approximately 3.3% of heritage sites were impacted by the floods.

Despite the devastation, Valencia's economy is showing signs of resilience. The tourism sector, a significant economic driver, is rebounding. By early 2025, the city had nearly fully recovered, with services and attractions operating as usual. At the International Tourism Fair (FITUR), regional leaders highlighted sustainable tourism growth and infrastructure improvements, signaling confidence in Valencia's future.