The Walt Disney Firm introduced plans on Wednesday for a brand new theme park within the United Arab Emirates, highlighting the nation’s rising prominence as a worldwide monetary and leisure hub.
The waterfront resort will likely be situated on Abu Dhabi’s Yas Island and developed in partnership with native agency Miral.
Disney acknowledged that it goals to draw vacationers from “the Center East and Africa, India, Asia, Europe, and past.”
Donald Trump to go to the UAE
The announcement comes forward of US President Donald Trump’s upcoming go to to Saudi Arabia, Qatar and the United Arab Emirates subsequent week.
“Disneyland Abu Dhabi will likely be authentically Disney and distinctly Emirati,” stated Disney CEO Robert Iger in a press release, promising “an oasis of extraordinary Disney leisure at this crossroads of the world.”
The corporate acknowledged that the brand new resort will mix Disney’s “iconic tales, characters and points of interest with Abu Dhabi’s vibrant tradition, gorgeous shorelines, and breathtaking structure.”
Disneyland Abu Dhabi would be the seventh Disney resort because the authentic Disneyland opened in Anaheim, California in 1955.
Different Disney locations are situated in Florida, Tokyo, Paris, Hong Kong and Shanghai.
Iger informed analysts that the placement was chosen to carry the Disney expertise nearer to a whole lot of tens of millions of shoppers for whom visiting its different six areas “was fairly prolonged in nature and costly.”
He additionally famous the success of present points of interest in Abu Dhabi, together with the Louvre museum and the Frank Gehry-designed Guggenheim, which is at the moment below development.
Miral group operates quite a few accommodations, resorts, and amusement parks in Abu Dhabi together with Warner Brothers World, Ferrari World and Sea World.
Enhance in income
In an interview with The Hollywood Reporter, Disney Experiences chairman Josh D’Amaro described the brand new park and resort as the corporate’s most “fashionable” and “tech-forward” vacation spot.
He added that in an uncommon association for Disney, the park can be funded, constructed, and in the end operated by the Miral group “with oversight in fact from us.”
“However we’re very assured on this a part of the world, with this associate, that that is the suitable enterprise association,” he added.
The brand new park announcement coincided with Disney reporting a strong improve in quarterly revenues, which despatched its shares skyrocketing.
The corporate stated general gross sales elevated seven p.c to $23.6 billion within the January to March interval.
Crucially, subscribers to its Disney+ streaming service grew to 126 million, including 1.4 million new subscriptions, opposite to analysts’ expectations of a decline.
The Experiences section, which incorporates theme parks, noticed income improve to $8.9 billion.
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By Garrin Lambley © Agence France-Presse
