The project is a collaboration between Disney and Miral, a state-backed entertainment company in the United Arab Emirates. Miral will fully finance, develop, and operate the resort, while Disney will provide its intellectual property and creative oversight through its Imagineering division. This arrangement allows Disney to expand its global presence without direct capital investment, earning revenue through licensing fees.
Situated on Yas Island, the new park will join existing attractions such as Warner Bros. World, Ferrari World, and SeaWorld Abu Dhabi. Disney CEO Bob Iger described the upcoming resort as "authentically Disney and distinctly Emirati," emphasizing a blend of Disney's storytelling with the cultural and architectural elements of Abu Dhabi.
The resort is expected to be Disney's most technologically advanced park to date, featuring immersive experiences tailored to the local climate and culture. While specific details about attractions and opening dates have not been disclosed, the park aims to offer a unique experience that integrates Disney's iconic characters and narratives with the region's heritage.
This strategic move aligns with the UAE's broader economic diversification efforts, focusing on tourism and entertainment to reduce reliance on oil revenues. Yas Island has been developed as a premier leisure destination, attracting visitors from the Middle East, Africa, Asia, and Europe. The addition of a Disney resort is expected to further enhance its appeal and competitiveness in the global tourism market.
From a financial perspective, the partnership provides Disney with a low-risk opportunity to expand its theme park portfolio. The company's Parks and Experiences division has shown strong performance, with operating income reaching \$2.5 billion, outpacing other segments. The announcement of the Abu Dhabi resort contributed to an 11% increase in Disney's stock price, reflecting investor confidence in the company's strategic direction.
The resort's location on Yas Island offers logistical advantages, including proximity to Abu Dhabi International Airport and accessibility to a large population base. Additionally, the region's infrastructure and commitment to tourism development provide a supportive environment for the project's success.
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