The crescent-shaped island is officially known as the South Sea Pearl Artificial Island and is located in China’s Hainan province. It will be joined to Hainan—itself a large island off the south Chinese coast—by a bridge. Chinese developer HNA Group, the group funding the project, wants to create an eco-tourism hub complete with a hotel complex, theme park, yacht harbor, and cruise ship port. The total price tag will be $1.25 billion.
Construction is expected to begin in 2017 and take approximately a decade, wrapping up in 2027.