Abu Dhabi-owned Manchester City on Friday announced that work is about to start on the the club's new Football Academy, a key part of the investment made by Sheikh Mansour Bin Zayed Al Nahyan.
BAM Construction has been selected as the construction partner, the club said on its website.
"This is a landmark project for the Club. City are to build a state of the art youth development and first team training facility on an 80 acre site adjacent to the Etihad Stadium," it said.
BAM will begin work on the plot, which forms part of the Etihad Campus, in the coming weeks and are due to complete the project in time for the 2014/15 Premier League season.
Sheikh Mansour bought the Manchester club in 2008 and has invested nearly $1bn to help lead it to recent glories of the FA Cup and the Premier League title.
The building of the Academy, which will provide a centre for up to 400 young players as well as housing the first team training base and the club’s operations functions, follows four years of research and planning by club.
The City Football Academy will also include on site accommodation for junior and senior players, 16 football pitches, a state of the art first team building with changing rooms, gym, refectory and injury and rehab centre and a 7,000 capacity stadium for youth matches.
“Today is an extremely important day for the future of Manchester City Football Club,” said the club's CEO Ferran Soriano.
“We are now in a position, after four years of research and planning, to execute that strategy and we are delighted to join with BAM who will play a large part in helping us to do so.”
BAM chief executive Graham Cash added: “We are delighted to be part of the team that will deliver the City Football Academy and we will work hard to play our part in delivering MCFC’s vision of both developing the players of the future and helping to regenerate the community of East Manchester.”