Established in 1988 as a direct response to the conflict in Northern Ireland, the Féile aims to celebrate the positive side of the community with an eclectic mix of arts, culture, language and sport included in this year's programme.
A host of big name acts have already been announced to perform at the Falls Park during the festival, including Boyzone, Kaiser Chiefs, Soul II Soul, and Paul Young.
Comedian Jason Manford will also be entertaining crowds at the west Belfast venue.
As well as the headlining music and comedy acts, Féile 2014 will also host to a range of literature, drama, visual art, family fun, sports events, tours and walks, discussions and debates and Irish language events.
Among this year's theatre offerings will be the award-winning Man in the Moon from Brassneck Theatre Company, Bás a hard-hitting trilingual play (Irish, Welsh and English) set during WW1 from newcomers Schizothemia, and I'll Tell Me Ma by Patricia Gormley.
The annual Amnesty Human Rights and Investigative Journalism event features multi-award winning investigative journalist Iain Overton.
Iain has worked for BBC, ITN, Bureau of Investigative Journalism and with The Guardian, Daily Telegraph, Financial Times, Spectator and New Statesman.
He has investigated stories dealing with CIA drone attacks, deaths in police custody and has made documentaries under fire in Somalia, Iraq and Colombia.
Féile 2014 represents the very best of the west, and we're delighted to have so many big names taking part this year, in the heart of the community alongside the very best local talent.
Kevin Gamble, Féile an Phobail Director
Helping to launch the festival on Thursday, DCAL Minister Carál Ní Chuilín hailed the event as " a real celebration of culture".
She told UTV: "It's got an international status, as cliché as it sounds it's got something for everyone, but it's a really inclusive arts festival which is known all over.
"This is going to regenerate the economy of west Belfast. You've got local traders, local businesses are involved, all are partners in the festival and it's great."
Féile an Phobail Director, Kevin Gamble, said: "This year we have exceeded our own expectations bringing the Kaiser Cheifs, who did a fantastic set at Glastonbury, Boyzone, Jason Manford, we have a whole range of local stars as well as international acts.
"We really pride ourselves in putting something on for everybody regardless of your age, regardless of your background, or if you're a local person or coming in from a different part of the world."
Chief Executive of the Arts Council of Northern Ireland, Roisín McDonough added: "Another fantastic line-up from Féile an Phobail. Each year the festival grows in strength and popularity, reaching out to audiences in west Belfast and far beyond.
"With so many free and low cost events within this year's programme, we are delighted to once again to provide funding and support to the festival, helping to bring great art within the reach of everyone."
Féile an Phobail 2014 runs from 31 July - 10 August.