Santiago, formally Santiago de Chile, is the capital of Chile and the center of its largest conurbation. It is located in the country's central valley, at an elevation of 520 m (1,706.04 ft) above mean sea level.
Chile's steady economic growth has transformed Santiago into Latin America's most modern metropolitan area, with extensive suburban development, dozens of shopping centers, and impressive high-rise architecture. It has a modern transportation infrastructure, including the steadily-growing underground Santiago Metro, a public bus transport system that is being continually modernized, and a free flow toll-based ring road and inner city highway system. Santiago is the financial, cultural and political center of Chile and home of several regional headquarters to many multinational corporations.