This is a massive scheme, including a motor racing circuit destined to host the Abu Dhabi Grand Prix in 2009, posh hotels, apartments, villas, a golf course and marina, dozens of restaurants and shops... you get the idea.
The whole thing is going to cost around £300 million, much of it stumped up by Middle East developers Aldar Properties. Ferrari CEO Jean Todt has called the site 'an important attraction for fans and car lovers worldwide.