Camagüey, formerly Puerto Príncipe, city, eastern Cuba, capital of Camagüey Province, near the port of Nuevitas. It is the largest inland city of Cuba. Lying at the junction of railroads and highways, it is an important commercial center with a large trade in cattle, hides, and sugar, which are produced in the province. Industries in Camagüey include sawmilling, distilling, tanning, and processing of meat and dairy products. The city has a cathedral and many beautiful churches and mansions. Founded in 1514 by the Spanish governor of Cuba, Diego Velázquez, the original settlement occupied a site on the northern coast of Cuba; it was moved to its present site about 1530. In 1668 the city was seized and sacked by pirates under the Welsh buccaneer Sir Henry Morgan. Population (1994 estimate) 293,961.