[3] The president of the Avesta Group of Companies, Ibrahim Ibrahimov, stated that the Azerbaijan Tower would rise to about 1,051 m (3,448 ft), with 189 floors.

[4][5][6] The $2 billion tower was to have been the centerpiece of the Khazar Islands, a $100 billion city of 41 artificial islands that will spread across 3,000 hectares over land reclaimed from the Caspian Sea.

[4][7][8] 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.

[3][9] The city will be equipped with 150 bridges and a large municipal airport to connect the islands to the mainland.

[4][7][10] Ibrahim told reporters that American, Turkish, Arab, and Chinese investors have already shown their interest in the project that will be, in his words, like a "new Venice".