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Disney announces a new theme park in Abu Dhabi, its first in the Middle East.

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Disney has announced plans to build its seventh theme park, located on Abu Dhabi's Yas Island, in partnership with local firm Miral. The resort, named Disneyland Abu Dhabi, aims to attract tourists from diverse regions, including the Middle East, Africa, India, Asia, Europe, and beyond. The park will be part of a larger entertainment complex and will feature a number of waterfront attractions.

    1. We continue to monitor macroeconomic developments for potential impacts to our businesses and recognize that uncertainty remains regarding the operating environment for the balance of the fiscal year.
    2. This seventh Disney theme park resort will combine Disney's iconic stories, characters and attractions with Abu Dhabi's vibrant culture, stunning shorelines, and breathtaking architecture.
    1. Abu Dhabi was an ideal location for us.
    2. There was no question that for our seventh resort, this is where it was going to be.
    3. We've always been interested in this part of the world – to bring our Disney stories to new, younger fans.
    4. You're not going to go to you're not going to come into Central Florida and not go visit Star Wars. … We feel that we're going to benefit from that.
    5. So that the real-time translation of stories from film, from game, to theme park, it's right there for our guests to enjoy. So we're very, very bullish on this space, and I think for this part, particularly given how tech-forward it's going to be, we have a huge opportunity.
    6. Every time we open a new experience or a theme park… it's really important not just to take a theme park that might exist somewhere else and plop it into the ground in that new area that we would be going into.
    1. Dubai early on…planned and opened a slate of theme parks which were over capitalized and frankly overbuilt.
    2. The Middle East has seen hits and misses as it relates to theme park and leisure development.
    3. I was surprised to hear the announcement at this time, but not surprised to learn Disney chose Abu Dhabi. The critical mass of leisure development already established in the area provides the necessary elements required by Disney to come into the area in a more manageable way.
    1. Obviously, building a theme park in a location is a huge endorsement of the location.
    2. We did study the region very carefully, and we know we had many opportunities.
    3. Disneyland Abu Dhabi will be authentically Disney and distinctly Emirati.
    4. Even with consumer confidence somewhat down and some issues in terms of the economy, people still see a Disney theme park experience as really special.
    1. The combination of constraints and a blank canvas should be really exciting for Disney fans, surpassing even Shanghai Disneyland—we likely won't see an opportunity like this again in our lifetimes.
    2. It stands to reason that, as with other such projects, Disney's partners in Abu Dhabi will want to make a statement with this park, and have their Disneyland be the anchor that drives visits to Yas Island.