Recife is the fifth-largest metropolitan area in Brazil with 3,743,854 inhabitants, the largest metropolitan area of the North/Northeast Regions, the 5th-largest metropolitan influence area in Brazil, and the capital and largest city of the state of Pernambuco. The population of the city proper was 1,555,039 in 2012.Recife is located where the Beberibe River meets the Capibaribe River to flow into the Atlantic Ocean. It is a major port on the Atlantic Ocean. Its name is an allusion to the stone reefs that are present by the city's shores. The many rivers, small islands and over 50 bridges found in Recife city center characterize its geography and gives it the moniker of the "Brazilian Venice." As of 2010, it is the capital city with the highest HDI in Northeast Brazil.The Metropolitan Region of Recife is the main industrial zone of the State of Pernambuco; most relevant products are those derived from cane (sugar and ethanol), ships, oil platforms, electronics, and others; thanks to the fiscal incentives of government, many industrial enterprises were started in the 1970s and 1980s. Recife has a tradition of being the most important commercial center of the North/Northeastern region of Brazil with more than 52,500 business enterprises in Recife itself plus 32,500 in the Metro Area which totals more than 85,000.