Disney has announced the development of its seventh global theme park resort in Abu Dhabi, marking a significant milestone in its expansion strategy. This new venture aligns with Disney's commitment to invest $60 billion in theme parks and cruise lines over the next decade. The Abu Dhabi project is part of this broader investment plan, which focuses on enhancing visitor experiences and expanding Disney's global footprint. CEO Bob Iger highlighted the project's importance in creating immersive entertainment destinations that blend Disney's signature storytelling with cutting-edge technology.
This new theme park underscores Disney's strategy to tap into underserved markets with high tourism potential. By investing in the Middle East, Disney aims to strengthen its position as a global leader in entertainment and capitalize on a growing addressable market.
The Abu Dhabi resort will be developed in partnership with Miral, a leading creator of immersive destinations in the UAE. Under the agreement, Miral will fully fund, operate, and build the resort, while Disney will provide creative design and operational oversight through its team of Imagineers. This collaboration ensures that the park will reflect Disney's high standards of quality and innovation while benefiting from Miral's expertise in developing world-class destinations.
The park will integrate themed accommodations, unique dining options, and retail experiences, all designed to deliver an immersive Disney experience. With Miral handling the operational aspects, Disney can focus on leveraging its intellectual property and storytelling expertise to create a culturally resonant destination.
Abu Dhabi's strategic location places the new Disney resort within a four-hour flight for 500 million potential visitors, spanning regions like the Middle East, Africa, India, Asia, and Europe. This positioning allows Disney to tap into a vast, underserved market of income-qualified consumers who may not have access to existing Disney parks.
The resort is designed to be "authentically Disney, distinctly Emirati," blending Disney's iconic storytelling with Abu Dhabi's cultural heritage. This integration aims to create a unique experience that resonates with local and international audiences, setting a new benchmark for cultural collaboration in theme park development.
While Disney has not disclosed a specific opening date for the Abu Dhabi resort, the development timeline is expected to span several years, given the project's scale and complexity. Typically, Disney's theme parks take approximately 18 months to design and several years to construct.
The new resort is anticipated to significantly boost Disney's revenue, particularly in its Experiences and Products segment, which already accounts for a substantial portion of the company's income. Furthermore, the Abu Dhabi park is expected to contribute to the global tourism market, attracting millions of visitors annually and enhancing the UAE's reputation as a premier travel destination. This project represents a strategic move to expand Disney's reach and reinforce its position as a leader in the entertainment industry.