Disney will construct its seventh theme park within the UAE, particularly on Yas Island in Abu Dhabi, which is already a hub for prime sights like Ferrari World and SeaWorld.
Abu Dhabi-based Miral will develop the resort, whereas Disney will deal with the design, license its characters, and supply administration providers, however received’t make investments capital.
As outlined in a regulatory submitting, Disney will earn royalties and repair charges based mostly on the park’s revenues.
The announcement comes forward of a go to by US President Donald Trump, who is anticipated to debate enterprise offers within the UAE and different Gulf nations.
The venture goals to faucet into the 120 million airline passengers that circulation by means of Abu Dhabi and Dubai yearly, making it a strategic vacationer magnet.
A particular opening date hasn’t been introduced but, however Disney’s inventory surged over 9% after the information and powerful second-quarter earnings.
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