Architects from around the globe have been asked to submit design plans for the £250m ($406m) Palace of Culture, to be constructed in St Petersburg, Russia.
The Palace of Culture will be located in the 80,000m² Peter the Great's military port island that is bordered by two canals and a river.
Abramovich has also asked commissioned architects from France, the Netherlands, the US and Russia including Stirling-prize winner David Chipperfield to submit designs for the museum.
The UK's Dixon Jones architects has also been asked to draft designs for the New Holland island.
The project will include renovation of buildings on the 18th-century naval dockyard site, addition of cultural attractions and office space.
Construction on the project is expected to take seven years, according to guardian.co.uk.
A shortlist announcement of the designers is scheduled to be made in March 2011 while the final decision is expected in early 2012.