As noted in the FAQ section of the World Meeting of Families post below, the Holy Father will be coming to Spain for the event.
Zenit has a rundown of what the Holy Father will be doing in Spain. Apart from the standard ecclesial and secular protocol, here's the WMF portion of the pope's agenda:
Benedict XVI will repeat this itinerary the following day, Sunday, July 9, when he will return in an open car to Puente de Monteolivete, where he will preside over the 9:30 a.m. solemn closing Mass and deliver the homily.
During the Mass, some spouses who have celebrated their 50th wedding anniversary will renew their marriage vows.
