Penelope Cruz shines on the red carpet in elegant white ruffled dress at the San Sebastian Film Festival

She won the Best Actress award for her performance in the film Madres Paralelas at the closing ceremony of the Venice Film Festival.

And Penelope Cruz, who spotlighted another of her recent projects, was the guest of honor at the premiere of the San Sebastian Film Festival, held in Spain for its official film competition on Friday.

The actress, 47, had all eyes on her at the event at the Victoria Eugenia Theater as she shone on the red carpet in an elegant white ruffled dress with heels.

Beauty: The actress looked incredible in the high-end dress with a tiered skirt

All white in the night: Penelope Cruz shone on the red carpet in an elegant white ruffled dress at the San Sebastian Film Festival on Friday while attending the screening of her move Official Competition

Penelope looked incredible in the chic design that emphasized her frame perfectly with its fitted waist and tiered skirt.

Her dress came with a revealing crew neckline and she gave her dress a boost with a pair of silver metallic heels.

To complete her red carpet look, Penelope accessorized with a metal handbag and wore a stylish bracelet on her wrist, while wearing large gold earrings.

The film talent wore her lightened locks in a voluminous style and opted for a glamorous makeup look that was complete with a nude lip.

Stunning: Penelope had all eyes on her hair as she made her way down the red carpet

Stunning: Penelope had all eyes on her hair as she made her way down the red carpet

Wow factor: The chic design perfectly emphasized Penelope's physique with its belted design

Smile: The actress was seen waving as she arrived at the screening

Wow factor: The chic design perfectly emphasized Penelope’s physique with its belted design

Finishing touch: Penelope accessorized her red carpet look with a metallic purse clutch and heels, while wearing a chunky silver bracelet on one wrist

Finishing touch: Penelope accessorized her red carpet look with a metallic purse clutch and heels, while wearing a chunky silver bracelet on one wrist

Ready for her close-up: Penelope wore glamorous makeup for the high-profile event, complete with a nude lip

Beautiful: she finished her outfit with big good earrings

Ready for her close-up: Penelope wore glamorous makeup for the high-profile event, complete with a nude lip

Official Competition is a Spanish comedy starring Penelope and directed by Gastón Duprat & Mariano Cohn.

Penelope stars alongside Antonio Banderas and Oscar Martínez in the film that follows famed filmmaker Lola Cuevas (played by Penelope) who decides to recruit a billionaire entrepreneur and make an iconic film starring Hollywood heartthrob Félix Rivero (Banderas)

The film had its world premiere this year at the Venice Film Festival, where Penelope took home a prize for best actress.

She won a Coppa Volpi award at the festival’s closing ceremony for her performance in the film Madres Paralelas, directed by Spanish filmmaker Pedro Almodovar.

Delicious: The film talent wore her lightened locks in a voluminous style

Delicious: The film talent wore her lightened locks in a voluminous style

Leading lady: Penelope stars in Spanish comedy Official Competition

Leading lady: Penelope stars in Spanish comedy Official Competition

Rubbing shoulders She stars in the film together with the Spanish actor Antonia Banderas

Rubbing shoulders She stars in the film together with the Spanish actor Antonia Banderas

Central: She was joined by Banderas and their co-star Oscar Martinez for the screening

Central: She was joined by Banderas and their co-star Oscar Martinez for the screening

Fitted and Booted: Banderas looked smart in a navy jacket and matching trousers

Dressed: He kept it casual by wearing a pair of sneakers on his feet

Fitted and Booted: Banderas looked smart in a navy jacket and matching trousers

Cheers: The actor put on an animated display as he entered the event

Cheers: The actor put on an animated display as he entered the event

Gang is all there: Penelope stood out as she joined her co-stars on the red carpet (pictured RL Antonio Banderas, Penelope Cruz, Oscar Martinez, Irene Escolar, Pilar Castro and Jaume Roures)

Gang is all there: Penelope stood out as she joined her co-stars on the red carpet (pictured RL Antonio Banderas, Penelope Cruz, Oscar Martinez, Irene Escolar, Pilar Castro and Jaume Roures)

Penelope accepted the prize and said, “Thank you Pedro. This is 100 percent yours.

“Thank you for trusting me again, for inspiring me every day in your search for truth, outside and inside.”

She had previously described acclaimed director Almodovar as “my safety net” in a press conference ahead of their red carpet appearance in Venice.

Penelope explained, “He may ask me to do something I’m really scared of, but I know he’ll be there to support me,” adding that she was grateful to the director for giving her “so many different challenging characters.

The actress stars as Janis in the highly anticipated film where two women meet in a hospital room where they are both about to give birth.

Turning heads: Penelope and her co-stars were among the first to grace the red carpet at this year's San Sebastian Festival

Turning heads: Penelope and her co-stars were among the first to grace the red carpet at this year’s San Sebastian festival

High-profile: The international film festival kicked off on Friday and will run until September 25 (photo LR Banderas, Cruz, Oscar Martinez and Irene Escolar)

High-profile: The San Sebastian Film Festival takes place in the Spanish city of Donostia-San Sebastián

High-profile: The international film festival kicked off on Friday and will run until September 25 (photo LR Banderas, Cruz, Oscar Martinez and Irene Escolar)

Penelope has appeared in seven of Almodovar’s films, including All About My Mother and Volver.

The 2021 Venice Film Festival took place from September 1-11 and is considered one of the world’s oldest awards ceremonies, as well as one of the ‘Big Five’ events on the global film calendar.

The judges will be led by Parasite frontman Bong Joon Ho, who said he is “honored” to be intertwined with the wonderful film tradition.

Following in the footsteps of Venice, the San Sebastian Film Festival is currently underway.

The annual international film festival takes place in the Spanish city of Donostia-San Sebastián and takes place from September 17-25.

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