Disney publicizes an Abu Dhabi theme park and lodge

A brand new Disney theme park is coming to Abu Dhabi.

The Walt Disney corporate introduced Wednesday that it has reached an settlement with immersive vacation spot and reviews corporate Miral to convey a park and lodge to Yas Island within the United Arab Emirates.

This will probably be Disney’s 7th theme park lodge and it’s going to be absolutely evolved and constructed by way of Miral. Disney’s imagineers will lead inventive design and operational oversight at the undertaking. The leisure massive is probably not making an investment capital within the undertaking, however will benefit from royalties.

The building in Abu Dhabi isn’t a part of the $60 billion that Disney has pledged to put money into its theme parks over the following decade.

“This is a thrilling moment for our company as we announce plans to build an exciting Disney theme park resort in Abu Dhabi, whose culture is rich with an appreciation of the arts and creativity,” stated Disney CEO Bob Iger, in a commentary. “As our seventh theme park destination, it will rise from this land in spectacular fashion, blending contemporary architecture with cutting edge technology to offer guests deeply immersive entertainment experiences in unique and modern ways.”

Iger, in an interview with CNBC’s David Faber on Wednesday, stated imagineers have already begun designing the park. He declined to specify when the corporate expects the park to open.

The announcement got here after Disney reported a top- and bottom-line beat for its fiscal 2nd quarter, with its reviews industry — together with parks, cruises and accommodations in addition to shopper merchandise — reporting 6% year-over-year income expansion.

Disney has slowly been coming into the United Arab Emirates in recent times, including retail places and traveling leisure displays like Broadway’s “The Lion King” and “Disney on Ice.”

The corporate famous that round one-third of the arena’s inhabitants lives inside of a four-hour flight of the UAE and that the area has an addressable tourism marketplace of round 500 million guests.

“This groundbreaking resort destination represents a new frontier in theme park development,” stated Josh D’Amaro, chairman of Disney reviews. “Our resort in Abu Dhabi will be the most advanced and interactive destination in our portfolio. The location of our park is incredibly unique – anchored by a beautiful waterfront – which will allow us to tell our stories in completely new ways. This project will reach guests in a whole new part of the world, welcoming more families to experience Disney than ever before.”

Yas Island is a hub of leisure and retail reviews. It is already house to Ferrari World Abu Dhabi, Yas Waterworld, SeaWorld Abu Dhabi and Warner Bros. World Abu Dhabi in addition to the Formula 1 Yas Marina Circuit. The house additionally hosts Abu Dhabi’s greatest mall and an award-winning golfing direction.

Upon crowning glory, the brand new Disney park could have themed lodging and distinctive eating and retail reviews that combine the storytelling heritage of Disney and the futuristic and cultural essence of Abu Dhabi.