Disney announces an Abu Dhabi theme park and resort

Core Insights - The Walt Disney Company has announced plans to build a new theme park and resort in Abu Dhabi, marking its seventh theme park resort globally [1][2] - The project will be developed by Miral, with Disney's imagineers overseeing creative design and operations, while Disney will not invest capital but will earn royalties [2][3] - The park aims to blend contemporary architecture with advanced technology to provide immersive entertainment experiences [3] Financial Performance - Disney reported a top- and bottom-line beat for its fiscal second quarter, with a 6% year-over-year revenue growth in its experiences business, which includes parks, cruises, and resorts [4] - The Abu Dhabi development is not included in Disney's $60 billion investment pledge for theme parks over the next decade [2] Market Potential - Approximately one-third of the world's population lives within a four-hour flight of the UAE, presenting a significant tourism market of around 500 million potential visitors [4] - The new park will enhance Disney's presence in the UAE, which has seen the company gradually entering the market through retail locations and entertainment shows [4] Unique Features - The resort will feature themed accommodations, unique dining, and retail experiences that reflect both Disney's storytelling heritage and the cultural essence of Abu Dhabi [6] - Yas Island, where the park will be located, is already a hub for entertainment, housing attractions like Ferrari World, Yas Waterworld, and SeaWorld Abu Dhabi [5]