The masterplan for the Khazar Islands project is seen on the table in front of Ibrahim Ibrahimov, an Azerbaijani oligarch and billionaire, in the on-site office 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.