Victor Pinchuk, the Ukrainian businessman who minted a fortune in steel, already has his country’s largest contemporary art space, the PinchukArtCentre. Now he has announced that he plans to open a new exhibition center in downtown Kiev in coming years.

Pinchuk won’t reveal who might be the architect for the space, but he has stated that he is talking to the “most important architects in the world” and has considered holding a design competition for the building, which he hopes will generate interest in the arts in Ukraine and attract international visitors.

The PinchukArtCentre has attracted 830,000 visitors since it opened in 2006, according to Pinchuk, who has become famous for collecting large holdings of works by Jeff Koons, Damien Hirst, and Andreas Gursky. He is believed to own a significant number of the Hirst paintings currently on display at the Wallace Collection in London.

Pinchuk is also an active philanthropist for other causes, sponsoring campaigns to combat AIDS and helping to fund Spell Your Name, a film about the Holocaust, co-produced by Stephen Spielberg.

Read more at Bloomberg.