This Picture taken from the Disney press centre is as they clarify Artist Idea Solely of Disney
Disney is bringing its magic to the Center East, asserting plans to open its first theme park within the area on Abu Dhabi’s Yas Island. Whereas the precise value of the event has not been revealed, estimates hover round $7 billion.
The Walt Disney Co. launched a press release Wednesday that it signed an settlement with immersive vacation spot and experiences firm Miral, marking the theme park large’s seventh resort globally.
“This can be a thrilling second for our firm as we announce plans to construct an thrilling Disney theme park resort in Abu Dhabi, whose tradition is wealthy with an appreciation of the humanities and creativity,” stated Robert A. Iger, Chief Government Officer, The Walt Disney Firm.
“As our seventh theme park vacation spot, it’ll rise from this land in spectacular vogue, mixing up to date structure with cutting-edge know-how to supply company deeply immersive leisure experiences in distinctive and fashionable methods,” he added.
Disney to spend over $60 billion in 10 years
The event in Abu Dhabi will not be a part of the $60 billion that Disney has pledged to put money into its theme parks over the following decade, CNBC reported. Nonetheless, primarily based on different parks, such because the Shangai Disney that value over $5 billion, specialists imagine this new one in Abu Dhabi will value about $7 billion.
The brand new park goals to mix Disney’s signature allure with Emirati tradition, providing a singular expertise for guests. Positioned inside a four-hour flight of one-third of the world’s inhabitants, Abu Dhabi serves as a strategic hub for tourism. Iger instructed CNBC that the Imagineers had already begun designing the park, however declined to say when Disney expects it to open.
18 months to design, 5 years to construct
“We’re not pinning down a date but,” he stated. “It usually takes us between 18 months and two years to design and absolutely develop, and roughly 5 years to construct, however we’re not making any commitments proper now.”
Miral’s CEO, Mohamed Abdalla Al Zaabi, highlighted the challenge’s function in advancing Yas Island’s standing as a world leisure vacation spot.
Yas Island is a hub of leisure and retail experiences. It’s already house to Ferrari World Abu Dhabi, Yas Waterworld, SeaWorld Abu Dhabi and Warner Bros. World Abu Dhabi in addition to the Components 1 Yas Marina Circuit. The world additionally hosts Abu Dhabi’s largest mall and an award-winning golf course.
A Q1 income of practically $24 billion
The announcement coincides with Disney’s sturdy monetary efficiency in early 2025, reporting a 7 per cent income enhance to $23.6 billion and an increase in Disney+ subscribers.
Disney’s current parks are positioned in California, Florida, Tokyo, Paris, Hong Kong, and Shanghai, collectively welcoming over 142 million guests in 2023. The brand new Abu Dhabi park is anticipated to additional enhance these numbers.
Whereas the precise funding determine hasn’t been disclosed, Abu Dhabi has dedicated over $10 billion in direction of tourism infrastructure by 2030, with the Disney challenge being a major factor.
The park will characteristic themed lodging, distinctive eating and retail experiences, and new points of interest, leveraging Abu Dhabi’s strategic location and standing as a significant worldwide journey hub.
Disney estimated that roughly 33 per cent of the world’s inhabitants lives inside a four-hour flight of the UAE and that the area has an addressable tourism market of round 500 million guests.
As Disney continues to increase its world footprint, the Abu Dhabi park represents a strategic transfer to faucet into the Center Japanese market, providing a mix of acquainted magic and native flavour.