The Khazar Islands (Azerbaijani: Xəzər adaları), also known as Caspian Islands, is a planned development ofartif 25 km (16 mi) south of Baku, Azerbaijan consisting of 41 islands extending 3,000 hectares (30 km2; 7,400 acres; 12 sq mi) over the Caspian Sea.icial islands
Avesta, the company responsible for the islands' development, is constructing the city to house 1 million residents, contain 150 schools, 50 hospitals and daycare centers, numerous parks, shopping malls, cultural centers, university campuses, a Formula 1 quality racetrack, and the Azerbaijan Tower (expected to be the tallest in the world). The $2 billion tower is to be the centerpiece of the Khazar Islands, a $100 billion city of 41 artificial islands that will spread 3,000 hectares over the Caspian Sea.
All of these facilities are planned to be able to withstand up to magnitude 9.0 earthquakes. The city will be equipped with 150 bridges and a large municipal airport to connect the islands to the mainland.
The president of the Avesta Group of Companies, Ibrahim Ibrahimov, told reporters that American, Turkish, Arab and Chinese investors have already showed their interest in the project that will be, in his words, like a "new Venice".
The project is scheduled to be completed between 2020 and 2025.
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