"Tom Krens and the board have determined that the Guggenheim should and will be even more of a global institution, and Abu Dhabi is a wonderful fit. It's an incredibly exciting international place that is ready to make its presence felt on global culture in unprecedented ways," says Millinger.

The foundation has plans to develop a world-class museum as part of a comprehensive cultural district in Abu Dhabi. The Guggenheim Abu Dhabi, to be designed by acclaimed architect Frank Gehry, will be devoted to international modern and contemporary art and will help position the emirate as a leading international cultural destination, believes Millinger.

"What is so fascinating is that this is an Islamic monarchy, but one with the vision of participating in a global society," says Millinger. "For too long, the art dialogue has been between Western Europe and the United States, but now that conversation is expanding."