People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022.
12:14 JST, May 8, 2025
Disney will build its seventh theme park, this one in the United Arab Emirates, the entertainment company said Wednesday.
The waterfront resort will be built on Yas Island on the outskirts of Abu Dhabi, already home to Formula One’s Abu Dhabi Grand Prix, the Ferrari and Warner Bros. amusement parks, SeaWorld and a waterpark.
Abu Dhabi is the capital of the United Arab Emirates, a federation of seven sheikhdoms on the Arabian Peninsula. Home to 9 million people, it has leveraged its long-haul carriers Emirates and Etihad Airways to bring in more tourists over the years. A real-estate boom and the city’s highest-ever tourism numbers have made Dubai a destination as well as a layover.
Disney and Miral, the Abu Dhabi developer overseeing the project, hope to capitalize on the 120 million airline passengers that travel through Abu Dhabi and Dubai each year.
While long viewed as more buttoned up than the beaches and raucous nightlife in neighboring Dubai, Abu Dhabi also is home to the Louvre Abu Dhabi and there are more museums currently under construction.
The theme park announcement is being made ahead of a visit by U.S. President Donald Trump to the region next week. Trump has promised a series of business deals with Saudi Arabia, Qatar and the UAE.
The theme park will be built and operated by Miral, but Disney will handle the design and development. Disney will also license its intellectual property and provide development and management services, according to a regulatory filing.
The California company will not be providing any capital for the project. It will earn royalties based on the resort’s revenues. It will also earn service fees.
Miral has been involved in the development of almost all of the entertainment complexes built on the island.
A projected opening date has not been announced.
Shares of Disney, which also reported second-quarter financial results on Wednesday that beat Wall Street’s expectations, jumped more than 9% in morning trading.
Top Articles in News Services
-
Trump Extends the Ceasefire with Iran but Keeps the Blockade
-
Most Serious Cyberattacks against the UK Now from Russia, Iran and China, Cyber Chief Says
-
Trump Opposes United–American Merger, Signals Support for Spirit
-
Florida Launches Criminal Probe into OpenAI and ChatGPT over Deadly Shooting
-
Trump Picks a University of Minnesota Professor to Lead His Economic Council
JN ACCESS RANKING
-
Earthquake Hits Japan’s Tohoku Region; 3-meter Tsunami Warning Issued (Update 1)
-
Police Find Child’s Shoe During Search for Missing Boy in Nantan, Kyoto Prefecture
-
Body Found in Nantan, Kyoto Prefecture, During Search for 11-Year-Old Boy in Area (Update 1)
-
China, South Korea Object to Japanese PM Takaichi’s Ritual Offering to Yasukuni Shrine
-
Cherry Blossoms, Rapeseed Flowers Perform Colorful ‘Duet’ in Niigata
Most read in the last 24 hours
-
Iran's Top Diplomat Briefly Returns to Pakistan but Trump Says th...
-
DC Gala Shooting Suspect Aired Grievances against Trump in Writin...
-
Tokyo Vice Governor: SusHi Tech Tokyo Garners Tangible Business O...
-
M6.1 Earthquake Hits Hokkaido, Japan; No Tsunami Expected
-
Japan to Host Leaders from Major Cities from Around the World for...
Most read in the last 7 days
-
China, South Korea Object to Japanese PM Takaichi's Ritual Offeri...
-
Trump Extends the Ceasefire with Iran but Keeps the Blockade
-
India's Arms Indigenization Quest for Self-Reliance / New Delhi S...
-
¥1,000 Coins to Be Issued to Mark Anniversary of Beginning of Jap...
-
Most Serious Cyberattacks against the UK Now from Russia, Iran an...
Most read in the last 30 days
-
Earthquake Hits Japan's Tohoku Region; 3-meter Tsunami Warning Is...
-
Police Find Child's Shoe During Search for Missing Boy in Nantan,...
-
Body Found in Nantan, Kyoto Prefecture, During Search for 11-Year...
-
China, South Korea Object to Japanese PM Takaichi's Ritual Offeri...
-
Cherry Blossoms, Rapeseed Flowers Perform Colorful ‘Duet’ in Niig...

