sentences:  The museum was inaugurated on 8 November 2017 by French President Emmanuel Macron and United Arab Emirates Vice President Mohammed bin Rashid Al Maktoum and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan.US$525 million was paid by Abu Dhabi to be associated with the Louvre name, and an additional US$747 million will be paid in exchange for art loans, special exhibitions and management advice.The museum is part of a US$27 billion tourist and cultural development for Saadiyat Island, a complex which is planned to include three other museums, including the Guggenheim Abu Dhabi and the Zayed National Museum.