The Louvre Abu Dhabi is an art and civilization museum, located in Abu Dhabi, United Arab Emirates. The museum was inaugurated on 8 November 2017 by French President Emmanuel Macron and United Arab Emirates Vice President Mohammed bin Rashid Al Maktoum and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan. The museum is part of a thirty-year agreement between the city of Abu Dhabi and the French government. The museum is located on the Saadiyat Island Cultural District. It is approximately 24,000 square metres (260,000 sq ft) in size, with 8,000 square metres (86,000 sq ft) of galleries , making it the largest art museum in the Arabian peninsula. The final cost of the construction is expected to be about €600 million. In addition, US$525 million was paid by Abu Dhabi to be associated with the Louvre name, and an additional US$747 million will be paid in exchange for art loans, special exhibitions and management advice.