To be called the Sakya Dragon Ling, it will be opened by His Holiness Sakya Trizin, the deputy of the Dalai Lama, who plans to remain at the centre for a month after its inauguration..
The centre has 32 rooms and a 1,000 square metre meditation hall.
The new centre comes after the founders of Buddhism in Alicante province opened their first centre in Denia eleven years ago.