Disney theme park plans a bold expansion in Abu Dhabi, blending its storytelling magic with the UAE’s booming tourism sector. The Walt Disney Company revealed plans to construct its eighth theme park in Abu Dhabi.
Set on Yas Island, the future park will rise alongside existing attractions like Warner Bros. World and SeaWorld Abu Dhabi. A standout feature in the concept art is a crystal-like spiraling castle, symbolizing a futuristic leap in Disney’s design language.
A Strategic Move Amid Global Uncertainty
During an earnings call, Disney CEO Bob Iger confirmed the deal, saying, “Building a theme park in a location is a huge endorsement of the location.” This development also reflects Disney’s broader global strategy as its experiences division — including theme parks and cruises — now contributes 60% of the company’s annual profit.
Investors have responded favorably to Disney’s worldwide growth and steady experience-based revenue, which has kept the company’s stock (DIS) steady despite economic turmoil.
Partnering with Miral to Shape Yas Island
Disney is teaming up with Miral, the local developer behind Yas Island’s other theme parks.According to Disney’s news announcement, the new park will combine contemporary aesthetics with Abu Dhabi’s rich cultural heritage.
Miral is well known for its cutting-edge attractions, which include the world’s fastest roller coaster and the largest indoor aquatic park. With Disney’s coming, Yas Island’s reputation as a top theme park destination will only grow.
Human Rights Concerns Loom
While Disney’s expansion is seen as a business triumph, human rights groups have voiced concerns. Human rights groups have criticized the UAE for how it treats activists, academics, and LGBTQ+ individuals. Disney faced similar backlash for its muted stance on Florida’s “Don’t Say Gay” legislation.
A Disney spokesperson declined to comment further, but Iger emphasized that the company had “studied the region very carefully” before moving forward.
Consequences for Investors
Long-term, the Abu Dhabi declaration may benefit DIS stock, which has survived Florida’s market volatility and political upheaval. The expected inauguration of the new park is likely to boost investor confidence in Disney shares tied to global expansion.
Source: NPR