Sol Kerzner, the flamboyant hotelier, is to launch his new Dubai resort with a party so extravagant that organisers claim it will be seen from space.

The event, for the grand opening of the $1.5 billion Atlantis, The Palm, will have 2,000 VIP guests. Kylie Minogue will perform – her first concert in the Middle East – and the final bill for the four-day beachside celebrations is estimated to exceed $30 million, the London Telegraph reports.

The 1,500 room resort, located on the world’s largest manmade island, the Palm Jumeirah ( which has been built to resemble a palm tree when seen from above) features 16 restaurants including a branch of Nobu, and is partially bankrolled by the Dubai Royal Family.

The fireworks display is being put on by the same pyrotechnics experts who produce the Olympics opening ceremony; however the Atlantis display will be ten times larger than the one in Beijing, making it visible from space.

Invitations will be sent out this week – each studded with hundreds of pounds worth of Swarovski crystals.