Launched in October 2008, Twofour54 aims to create a media park where businesses including broadcast, digital media, gaming, publishing, music and film can create world-class Arabic content, the company said in a statement.
"Our new campus will be a spectacular and stunning addition to Abu Dhabi's skyline; a symbol of Abu Dhabi's commitment to deliver on the Emirate's 2030 economic vision," said Wayne Borg, COO Twofour54.
"However, it will also act as beacon to the region's media and creative industries making Twofour54 and Abu Dhabi the lifestyle destination of choice for Arab creatives - a place they will aspire to work and live."
Twofour54 has engaged some of the world's leading architects and consultants to work on the project.
Bernard Tschumi, who has provided the concept master plan for the project, was responsible for the master plans of Mediapolis, Singapore and the Parc de la Villette in France.