By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
Reading: Disney magic will cost about $7b in Abu Dhabi
Notification Show More
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
© 2025 All Rights reserved | Powered by Globalnewsphere
Global Newsphere > Business > Disney magic will cost about $7b in Abu Dhabi
Disney magic will cost about $7b in Abu Dhabi
Business

Disney magic will cost about $7b in Abu Dhabi

May 8, 2025 4 Min Read
Share
SHARE

This photo, taken from the Disney Press Center, illustrates the Disney-only artist concept.

Disney is bringing that magic to the Middle East and is announcing plans to open its first theme park in an area on Yas Island, Abu Dhabi. The actual cost of development has not been revealed, but it estimates it hovering around $7 billion.

Walt Disney Company A statement has been issued On Wednesday, it signed a deal with an immersive destination, experienced Miral and marked the theme park giant’s seventh resort globally.

“We’re looking forward to seeing you in the world,” said Robert A. Iger, CEO of Walt Disney Company.

“As our seventh theme park destination, it rises from the land in a spectacular way, blending modern architecture with cutting-edge technology to provide guests with a deep, immersive entertainment experience in a unique and modern way,” he added.

Disney spends over $60 billion over 10 years

The development in Abu Dhabi is not part of the $60 billion CNBC that Disney has committed to investing in theme parks over the next decade. It has been reported. However, based on other parks such as Shangai Disney, which has over $5 billion, experts believe the new park in Abu Dhabi will cost around $7 billion.

The new park aims to blend Disney’s distinctive charm with Emirati culture, offering visitors a unique experience. Located within four hours of one third of the world’s population, Abu Dhabi serves as a strategic hub for tourism. Iger refused to tell CNBC that Imagineer had already begun designing the park, but Disney hopes it opens.

See also  What Spain’s new debt swap hub actually does

18 months to design, 5 years to construction

“We haven’t fixed the date yet,” he said. “It usually takes 18 months to two years to design and fully develop, and about five years to build, but we are not committed at this point.”

Miral CEO Mohamed Abdalla Al Zaabi highlighted the role of the project to advance the status of YAS Island as a global entertainment destination.

Yas Island is a hub for entertainment and retail experiences. Already home to Ferrari World Abu Dhabi, Yas Water World, Sea World Abu Dhabi, Warner Bros World Abu Dhabi and Formula 1 Yas Marina Circuit. The region also hosts Abu Dhabi’s largest mall and award-winning golf courses.

First quarter revenues were nearly $24 billion

The announcement coincides with Disney’s strong financial performance in early 2025, reporting a 7% increase in revenue to $23.6 billion, with Disney+ subscribers rising.

Disney’s existing parks are located in California, Florida, Tokyo, Paris, Hong Kong and Shanghai, and will collectively welcome over 142 million visitors in 2023. The new Abu Dhabi Park is expected to further increase these numbers.

Although the exact number of investments has not been disclosed, Abu Dhabi has committed over $10 billion to tourism infrastructure by 2030, and Disney projects are a key factor.

The park features themed accommodation, unique dining and retail experiences, and new attractions, leveraging Abu Dhabi’s strategic location and status as a major international travel hub.

Disney estimates that around 33% of the world’s population lives within four hours of the United Arab Emirates, and that the region has an addressable tourist market with around 500 million visitors.

See also  16 billion passwords exposed — is yours next?

As Disney continues to expand its global footprint, Abu Dhabi Park represents a strategic move to enter the Middle Eastern market, offering a blend of familiar magic and local flavours.

You Might Also Like

How I swapped the corporate grind in London and built my dream business in Spain with zero experience!

BBVA seeks to merge with Sabadell

Copper: A sustainable investment?

Santander to buy TSB

A hydrogen future

TAGGED:Business News
Share This Article
Facebook Twitter Email Copy Link
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

MasOrange, Vodafone and GIC to create Spain’s biggest fibre network
MasOrange, Vodafone and GIC to create Spain’s biggest fibre network
Business
Lynette Howell Taylor elected president of US Academy
Lynette Howell Taylor elected president of US Academy
Entertainment
The Epoch Times
Trump Aide Says India’s Purchase of Russian Oil Is Financing War With Ukraine
Politics
The UN says 68 African migrants were killed after their boat capsized off the coast of Yemen
The UN says 68 African migrants were killed after their boat capsized off the coast of Yemen
International
300 Gazan children could be sent to UK for NHS treatment
300 Gazan children could be sent to UK for NHS treatment
International
New York Mets Manager Carlos Mendoza Concerned Over Franchise’s Future and Claims His Side Are ‘Going Through It’
New York Mets Manager Carlos Mendoza Concerned Over Franchise’s Future and Claims His Side Are ‘Going Through It’
Sports

About Us

Welcome to Global Newsphere, your trusted source for breaking news and insightful analysis from around the world. Our mission is to keep you informed with accurate, timely, and well-researched news that matters.

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

The Epoch Times

Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS

If You Don’t Have a Real ID by May 7, Can You Still Fly?

If You Don’t Have a Real ID by May 7, Can You Still Fly?

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
March 10, 2025
The Epoch Times
Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS
March 10, 2025
If You Don’t Have a Real ID by May 7, Can You Still Fly?
If You Don’t Have a Real ID by May 7, Can You Still Fly?
March 10, 2025
The Epoch Times
Trump Rebukes Former Australian PM For Claiming CCP Leader More ‘Respectful’
March 10, 2025
© 2025 All Rights reserved | Powered by Globalnewsphere
Welcome Back!

Sign in to your account

Lost your password?