(Center) Ibrahim Ibrahimov, an Azerbaijani oligarch and billionaire, is seen on site of the of the Khazar Islands project near Sahil, Azerbaijan on July 18, 2012. The brainchild of Ibrahimov, the artificial Khazar Islands project just southwest of the Azerbaijani capital Baku is being built at a projected cost of $100 billion with an anticipated 800,000 housing units.