However, for some people Ghent is the real diamond of Flanders and Belgium. In a unique way, Ghent has managed to preserve its medieval power while keeping up with the times. The city center alone is a showcase of medieval Flemish wealth and commercial success. Modern Ghent certainly cannot be overlooked in Belgium. The city has an important harbor, thanks to the canal Ghent-Terneuzen which allows sea-going vessels to bring their products to the city and its industrial hinterland. The Ghent University ( UGent ) continues to grow in importance. The presence of so many young people and students has turned Ghent into an important Flemish cultural center.