Dubai’s Jumeirah Group has signed an agreement with Sheikh Surour bin Mohammed al-Nahyan, who owns Sheikh Suroor Projects Department, to operate a luxury resort in Abu Dhabi called Jumeirah Saadiyat Island Resort.

The five-star resort is expected to be completed in 2017. The local Ghantoot Group is the main contractor and Australia’s DBI Design has been tasked with the design work.

The resort will comprise 294 guest rooms including spa suites, presidential suites and private high-end villas. It will also include three restaurants, shops, and beach and pool areas.

Jumeirah Group is part of state-owned Dubai Holding, and also operates the Jumeirah Etihad Towers hotel in Abu Dhabi.

The $27bn masterplan for Saadiyat Island, owned by Abu Dhabi’s Tourism Investment & Development Company, covers 18,000 hectares divided into several zones including Saadiyat Beach, Saadiyat Lagoons and Saadiyat Cultural District.

It will include outposts of the Louvre and Guggenheim museums, as well as the Zayed National Museum. Bids are under evaluation for the Guggenheim Museum, while the Louvre is under execution. The museums were originally due for completion by 2013.