Local developer Miral has invited selected companies to prequalify to bid for a contract to build a hotel development on Abu Dhabis Yas Island.
Known as the Integrated Destination Resort the project is understood to be part of a broader Abu Dhabi initiative to develop new attractions on Yas Island such as a theme park and an indoor arena.
The project manager is the UKs Faithful & Gould.
Construction work on the theme park has already started. In April, Miral said it plans to open the $1bn Warner Bros theme park by 2018.
Yas Island is home to the Abu Dhabi Grand Prix as well as Yas Mall, Yas Waterworld, Ferrari World, a series of hotels, and villas.
More villas are planned. In April, local developer Aldar Properties launched a AED6bn ($1.63bn) villa project at its Yas Island development known as Yas Acres.