Disney announced on Wednesday that it's bringing a new theme park resort to Abu Dhabi through a partnership with immersive destination company Miral, according to CNBC. Disney’s seventh theme park resort will be fully developed and funded by Miral on Yas Island in Abu Dhabi. Disney will provide creative design and operational oversight through its Imagineering team but will not invest capital, instead earning royalties from the project. The announcement followed Disney’s fiscal second-quarter earnings beat and a 6% year-over-year revenue increase in its experiences segment. Executives emphasized the strategic location, noting that one-third of the global population lives within a four-hour flight of the UAE.
