sentences:  The thirty-year agreement, signed by French Minister of Culture Renaud Donnedieu de Vabres and Sheik Sultan bin Tahnoon Al Nahyan, will prompt the construction of a Louvre museum on Saadiyat Island, near central Abu Dhabi, in exchange for US$1.3 billion.The contract prohibits the creation of any similar operation with the name of the Louvre in any of the other emirates of the UAE, Saudi Arabia, Kuwait, Oman, Bahrain, Qatar, Egypt, Jordan, Syria, Lebanon, Iran, or Iraq.French President Jacques Chirac praised the museum deal with Abu Dhabi, saying it reflects "a certain idea of the world" in which each party to the accord, "proud of its roots and of its identity, is conscious of the equal dignity of all cultures."