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Disney to open its first theme park in the Middle East | Disney to open its first theme park in the Middle East |
(about 1 hour later) | |
The Disney Theme Park in Abu Dhabi will be the company's seventh resort | The Disney Theme Park in Abu Dhabi will be the company's seventh resort |
Walt Disney has announced plans to open its first theme park in the Middle East. | Walt Disney has announced plans to open its first theme park in the Middle East. |
The resort, which will be in the United Arab Emirates (UAE) on Abu Dhabi's Yas Island, is a collaboration between Walt Disney and local leisure and entertainment company Miral. | The resort, which will be in the United Arab Emirates (UAE) on Abu Dhabi's Yas Island, is a collaboration between Walt Disney and local leisure and entertainment company Miral. |
Disney already has six theme parks spanning North America, Europe and Asia. Its most recent opening was in 2016 in Shanghai. | Disney already has six theme parks spanning North America, Europe and Asia. Its most recent opening was in 2016 in Shanghai. |
Miral is responsible for the development of Yas Island as a tourist destination and already operates SeaWorld and Warner Bros World where it is developing a Harry Potter-themed park. | Miral is responsible for the development of Yas Island as a tourist destination and already operates SeaWorld and Warner Bros World where it is developing a Harry Potter-themed park. |
In a statement announcing the new facility, Disney said the UAE was located within a four-hour flight of one-third of the world's population, making it a "significant gateway for tourism". | In a statement announcing the new facility, Disney said the UAE was located within a four-hour flight of one-third of the world's population, making it a "significant gateway for tourism". |
It added that 120 million passengers travel through Abu Dhabi and Dubai every year, making the Emirates the biggest global airline hub in the world. | It added that 120 million passengers travel through Abu Dhabi and Dubai every year, making the Emirates the biggest global airline hub in the world. |
Disney chief executive Robert Iger described the plans for the new park as a "thrilling" moment for the company and said Disneyland Abu Dhabi would be "authentically Disney and distinctly Emirati". | Disney chief executive Robert Iger described the plans for the new park as a "thrilling" moment for the company and said Disneyland Abu Dhabi would be "authentically Disney and distinctly Emirati". |
The 10-sq-mile (25-sq-km) Yas Island is 20 minutes from downtown Abu Dhabi and 50 minutes from Dubai. | The 10-sq-mile (25-sq-km) Yas Island is 20 minutes from downtown Abu Dhabi and 50 minutes from Dubai. |
Miral's boss Mohamed Abdalla Al Zaabi said bringing a Disney theme park resort to the area marked a "milestone in our journey to further advance the island's position as a global destination for exceptional entertainment and leisure". | Miral's boss Mohamed Abdalla Al Zaabi said bringing a Disney theme park resort to the area marked a "milestone in our journey to further advance the island's position as a global destination for exceptional entertainment and leisure". |
He said the development would "support sustained economic growth in Abu Dhabi and beyond". | He said the development would "support sustained economic growth in Abu Dhabi and beyond". |
The company's first theme park, Disneyland, opened in Anaheim, California in 1955. It was followed in 1971 by Walt Disney World in Orlando, Florida. | The company's first theme park, Disneyland, opened in Anaheim, California in 1955. It was followed in 1971 by Walt Disney World in Orlando, Florida. |
International expansion began in 1983 with a park in Tokyo; Disneyland Paris opened in 1992, then came Hong Kong in 2005 and, most recently, Shanghai in 2016. | International expansion began in 1983 with a park in Tokyo; Disneyland Paris opened in 1992, then came Hong Kong in 2005 and, most recently, Shanghai in 2016. |
'Disney feeling confident' | 'Disney feeling confident' |
Also on Wednesday, Disney announced better than expected results for the first three months of 2025, with revenue up by 7% to $23.6bn (£17.7bn). | Also on Wednesday, Disney announced better than expected results for the first three months of 2025, with revenue up by 7% to $23.6bn (£17.7bn). |
The Disney+ streaming business added 1.4 million customers. Previously Disney had predicted a slight decline in subscribers due to a price increase. | The Disney+ streaming business added 1.4 million customers. Previously Disney had predicted a slight decline in subscribers due to a price increase. |
Attendance rose at US parks with visitors spending more and there was also a rise in cruise ship bookings following the launch of the new ship Disney Treasure. | Attendance rose at US parks with visitors spending more and there was also a rise in cruise ship bookings following the launch of the new ship Disney Treasure. |
"Despite questions around any macroeconomic uncertainty or the impact of competition, I'm encouraged by the strength and resilience of our business," said Mr Iger. | "Despite questions around any macroeconomic uncertainty or the impact of competition, I'm encouraged by the strength and resilience of our business," said Mr Iger. |
Danni Hewson, head of financial analysis at AJ Bell said at a time when so many businesses in the US were "worried about the potential impact of tariffs on consumer spending, on household budgets, Disney is feeling confident". |