The space is based on a former warehouse and will exhibit works biannually from his own collection as well as from other private collections around the world

New organiser discloses record 119 artists from 36 countries will be exhibited

And parallel event for collectors draws big names away from fair

Sheikha Manal Al Maktoum launched the program yesterday

The deal could be worth around $1 billion

Focus on Kuwait, Bahrain, Qatar, Saudi Arabia, UAE and Oman

Major collectors based in Gulf state are lending work