Spain's crown prince and his wife will preside over Thursday's inauguration of Agencia EFE's new headquarters, which has been outfitted with the latest technology to meet the needs of the world's fourth-largest news agency.

Prince Felipe and Princess Letizia will be received by Deputy Prime Minister Soraya Saenz de Santamaria and the presidents of EFE, Jose Antonio Vera, and parent company SEPI, Ramon Aguirre.

The royal couple will tour the new EFE installations in the 18-story structure on Madrid's Avenida Burgos, which belongs to SEPI unit Sepides.

The prince and princess will then formally inaugurate the new headquarters in a ceremony including executives, officials and hundreds of invited guests from the worlds of business, politics, culture and sport.

Felipe and Letizia will also unveil a commemorative plaque.

The inauguration of the new headquarters kicks off a year of special events marking Agencia EFE's 75th anniversary, including a major historical exhibit hosted by Madrid's Casa del Lector.

Covering more than 1,100 square meters (11,800 sq. feet), the exposition will recount EFE's history and the major events the agency has covered over the past 75 years, tracing its evolution into the world's biggest Spanish-language news agency. EFE