Enterprise reporter, BBC Information
Walt Disney Firm and MiralWalt Disney has introduced plans to open its first theme park within the Center East.
The resort, which will probably be within the United Arab Emirates on Abu Dhabi’s Yas Island, is a collaboration between Walt Disney and native leisure and leisure firm Miral.
Disney already has six theme parks spanning North America, Europe and Asia. Its most up-to-date opening was in 2016 in Shanghai.
Miral is liable for the event of Yas Island as a vacationer vacation spot and already operates SeaWorld and Warner Bros World the place it’s creating a Harry Potter-themed park.
In a press release saying the brand new facility, Disney stated the UAE was positioned inside a four-hour flight of one-third of the world’s inhabitants, making it a “important gateway for tourism”.
It added that 120 million passengers journey by means of Abu Dhabi and Dubai yearly, making the Emirates the largest international airline hub on this planet.
Disney chief government Robert Iger described the plans for the brand new park as a “thrilling” second for the corporate and stated Disneyland Abu Dhabi could be “authentically Disney and distinctly Emirati”.
The 25 sq km Yas Island is 20 minutes from downtown Abu Dhabi and 50 minutes from Dubai.
Miral’s boss Mohamed Abdalla Al Zaabi stated bringing a Disney theme park resort to the realm marked a “milestone in our journey to additional advance the island’s place as a world vacation spot for distinctive leisure and leisure”.
He stated the event would “assist sustained financial progress in Abu Dhabi and past”.
‘Disney feeling assured’
Additionally on Wednesday, Disney introduced higher than anticipated outcomes for the primary three months of 2025, with income up by 7% to $23.6bn (£17.7bn).
The Disney+ streaming enterprise added 1.4 million clients. Beforehand Disney had predicted a slight decline is subscribers resulting from a value improve.
Attendance rose at US parks with guests spending extra and there was additionally an increase in cruise ship bookings following the launch of the brand new ship Disney Treasure.
“Regardless of questions round any macroeconomic uncertainty or the influence of competitors, I am inspired by the energy and resilience of our enterprise,” stated Mr Iger.
Dannie Hewson, head of monetary evaluation at AJ Bell stated at a time when so many companies within the US had been “frightened in regards to the potential influence of tariffs on shopper spending, on family budgets, Disney is feeling assured”.
