Kabir has earlier directed Katrina in "Ek Tha Tiger". "Phantom" is an action-thriller, said a source close to the project.
"This time, we have put our belief in Kabir Khan and we are pleased to work with Saif, Katrina and Kabir for the first time," Nadiadwala said in a statement.
After "Ek Tha Tiger", Kabir continues to shoot at locations which are difficult and real. For "Phantom", he has shot some parts in Beirut.