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Ibrahim Ibrahimov, an Azerbaijani oligarch and billionaire, is seen in a meeting on the on-site office of the Khazar Islands project underneath a portrait of Azerbaijani President Ilham Aliyev 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.