The Tourism Development and Investment Company (TDIC) was established in 2006 to oversee the construction of major tourism and cultural projects in Abu Dhabi, including the Saadiyat Cultural District.
Phase one of the project will see the construction of three world-class museums, designed to put Abu Dhabi on the international arts map.
Work on the Louvre Abu Dhabi is set to start in the first quarter of next year, with the project scheduled for completion in 2015.
The Zayed National Museum is to be finished in 2016, with the Guggenheim Abu Dhabi completed a year later.
The three buildings are to be designed by renowned architects Jean Nouvel, Frank Gehry and Norman Foster.
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