In a significant move, The Walt Disney Company has revealed its plans for a new theme park in the United Arab Emirates, solidifying the country’s growing position as a global hub for finance and entertainment.
The new waterfront resort will be situated on Abu Dhabi’s Yas Island, developed in collaboration with local partner Miral.
Attracting Tourists from Around the World
Disney’s announcement comes with a bold ambition: to attract tourists from not only the Middle East and Africa but also India, Asia, Europe, and beyond.
The company aims to expand its global reach and provide an unforgettable Disney experience in a region where entertainment tourism is booming.
A Blend of Disney Magic and Emirati Culture
Disney CEO Robert Iger promised that the new resort, named Disneyland Abu Dhabi, would offer “authentically Disney and distinctly Emirati” experiences.
The park is set to combine the beloved Disney stories, characters, and attractions with the vibrant culture, stunning coastlines, and unique architecture of Abu Dhabi.
The announcement marks the addition of Disneyland Abu Dhabi as the seventh Disney resort globally, following other major locations like Disneyland in California, Florida, Tokyo, Paris, Hong Kong, and Shanghai.
A Convenient Destination for Middle Eastern Visitors
Iger explained that the decision to build the resort in Abu Dhabi was driven by the desire to make the Disney experience more accessible to the hundreds of millions of potential customers in the region.
With existing Disney parks located far from this area, the new location aims to reduce travel time and costs for visitors, making it more feasible for people to experience the magic of Disney.
Strategic Partnership with Miral Group
The park will be funded, built, and operated by the Miral group, which also manages several other theme parks and resorts in Abu Dhabi, such as Warner Brothers World and Ferrari World.
Disney will oversee the project to ensure that its iconic standards are maintained.
This partnership is seen as an ideal business arrangement for both parties, with Miral’s experience in the region and Disney’s global brand strength.
A Technologically Advanced and Modern Resort
Josh D’Amaro, Chairman of Disney Experiences, described the new park as the company’s most “modern” and “tech-forward” destination.
This theme park promises to showcase the latest in technology, offering a cutting-edge Disney experience.
It’s an exciting development for fans who are eager for a new, innovative addition to Disney’s global portfolio.
Strong Financial Results Coincide with Announcement
Disney’s announcement also comes on the heels of its strong financial performance.
The company reported a 7% increase in quarterly revenue, reaching $23.6 billion for the January to March period. Notably, Disney+ subscribers grew to 126 million, defying expectations of a decline.
The theme parks segment, which includes the new resort, saw impressive revenue growth, reaching $8.9 billion.
In conclusion, Disney’s venture into Abu Dhabi is poised to become a major milestone in the company’s global expansion.
With its blend of Disney magic and local culture, it’s set to become a must-visit destination for travelers in the region and beyond.