I have never been to Azerbaijan, but have heard a lot of it's plans to build a super expensive project of Khazar Islands and worlds highest tower - Azerbaijan, somewhere close to it's capital city Baku.

More than a year ago - I wrote about Baku to build Worlds Tallest building:

Azerbaijan is aimed to build artificial island archipelago called Khazar Islands with worlds largest building on it - Azerbaijan Tower. Estimated cost for such a mega project is 100 bln USD, which is more than total of Azerbaijan's GDP.

The cost of Azerbaijan Tower will be 3 bln USD: The $3 billion tower is to be the centerpiece of the Khazar Islands, a $100 billion city of 41 artificial islands that will spread 3,000 hectares over the Caspian Sea.

The city is being planned to house 1 million residents, contain 150 schools, 50 hospitals and daycare centers, numerous parks, shopping malls, cultural centers, university campuses, and a Formula 1 quality racetrack.

All of these facilities are planned to be able to withstand up to magnitude 9.0 earthquakes. The city will be equipped with 150 bridges and a large municipal airport to connect the islands to the mainland

Construction works on the Azerbaijan Tower is set to begin in 2015 and will be completed around 2019. The Khazar Islands are scheduled to be finished between 2020 and 2025.

Residential complex at Khazar Islands

Khazar Islands

Khazar Islands

Construction works at Khazar Islands

Construction works at Khazar Islands

Construction works at Khazar Islands

Bridge at Khazar Islands

Boulevard at Khazar Islands

Boulevard at Khazar Islands

Pool at Khazar Islands

Construction works at Khazar Islands

Visualization of Khazar Islands

Visualization of Khazar Islands

 Visualization of Khazar Islands

 Visualization of Khazar Islands

 Visualization of Khazar Islands

 Visualization of Khazar Islands

Azerbaijan Tower - Worlds Highest building

Visualization of Khazar Islands

Visualization of Khazar Islands

Azerbaijan Tower - Worlds Highest Skyscraper

Khazar Islands built by Avesta

The Avesta concern is building complex with developed infrastructure, on artificial islands in the Caspian Sea.
Khazar Islands (Yeni Sheher) is being developed 23 km south-west of the capital, towards Primorsk and within sight of the coast. The furthest island is 7 km from the shore. The development will cover 2,000 hectares (two parallel lines of buildings on the main island, high-rise constructions on several isolated islands and villas on stand-alone islands). Bridges will connect all facilities in the complex.

You can find more pictures on Facebook: https://www.facebook.com/khazarislandsofficial