Disney theme park to open in Abu Dhabi
Walt Disney announced plans on Wednesday to open a Disney theme park in United Arab Emirates' capital Abu Dhabi in collaboration with regional developer Miral Group, representing its first major new theme park in nearly a decade and its first in the Middle East, reported Reuters.
The planned Disney waterfront resort will be located on Yas Island, a popular tourist destination that is home to other family-friendly attractions, including Warner Bros World Yas Island, SeaWorld Yas Island, and Yas Waterworld Abu Dhabi.
"We've always been interested in this part of the world - to bring our Disney stories to new, younger fans," Disney's Experiences unit Chairman Josh D'Amaro told Reuters, adding, "Abu Dhabi was an ideal location for us."
Miral, the Abu Dhabi-based leisure and entertainment group responsible for developing Yas Island, will finance, build and operate the resort. The creative and technical professionals who design Disney's theme parks, known as Imagineers, will lead creative design and provide operational oversight.
The Disney park "will be authentically Disney and distinctly Emirati - an oasis of extraordinary Disney entertainment that is at the crossroads of the world," Disney CEO Bob Iger said in a statement on Wednesday.
Disney did not announce the opening date for the new park, though D'Amaro said a project of this scale could take a year or two to design, and another four to six years to build.
Once complete, the resort will offer Disney-themed attractions, dining and retail experiences, in a way that blends the Burbank entertainment company's storytelling and Abu Dhabi's heritage, D'Amaro said.
The Abu Dhabi park, Disney's first since Shanghai Disneyland opened in 2016, represents a continuation of the company's plans to "turbocharge" its Experiences unit, which includes its six global theme park resorts, a cruise ship line, and a family resort in Hawaii.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
11 minutes ago
- Business Recorder
Palm rises on bargain buying, Chicago soyoil
JAKARTA: Malaysian palm oil futures rebounded on Thursday after two straight sessions of losses, supported by strength in Chicago soyoil, and bargain buying. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 35 ringgit, or 0.91%, to 3,874 ringgit ($916.71)a metric ton by the midday break. 'Bursa Malaysia CPO futures initially opened with a mixed to lower trend, but later experienced a recovery due to bargain buying, following a sharp rally in energy prices and indications of stability in Chinese vegetable oil futures,' said Anilkumar Bagani, commodity research at Mumbai-based brokerage Sunvin Group. Strength in Chicago soyoil during Asian trading hours also added support to the contract, he said. Dalian's most-active soyoil contract was down 0.23% while its palm oil contract was up 0.02%. Soyoil on the Chicago Board of Trade (CBOT) gained 0.35%. India's palm oil imports in May rise over 84% m/m, trade body says Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Malaysian ringgit, the contract currency of trade, strengthened 0.21% against the U.S. dollar, making the contract more expensive for foreign currency holders. Palm oil may retest the support level of 3,812 ringgit per metric ton, with a good chance of breaking below it and falling towards 3,768 ringgit.
Business Recorder
26 minutes ago
- Business Recorder
South African rand edges higher before mining data
JOHANNESBURG: The South African rand edged higher in early trade on Thursday, ahead of the release of local mining output figures. At 0645 GMT the rand traded at 17.7150 against the dollar , up 0.2% on Wednesday's close. Statistics South Africa will publish April mining production numbers, at 0930 GMT. Production fell 2.8% year-on-year in March, and economists forecast a larger decline this time. Analysts polled by Reuters expect a 4.3% decline. South Africa's benchmark 2035 government bond was slightly weaker in early deals, as the yield rose 1 basis point to 10.11%.
Business Recorder
an hour ago
- Business Recorder
London copper rises; volatility fears linger
SINGAPORE: London copper prices inched up on Thursday, though analysts expect continued volatility amid persistent uncertainty over trade tariffs and underlying market fundamentals. Three-month copper on the London Metal Exchange gained 0.2% to $9,663.5 per metric ton by 0100 GMT, while the most-traded copper contract on the Shanghai Futures Exchange lost 0.7% to 78,660 yuan ($10,935.94) a ton. The U.S. dollar slid after data showed inflation in the world's largest economy rose less than expected in May, suggesting that the Federal Reserve could resume cutting interest rates sooner rather than later. A weaker dollar typically supports metal prices by making them more attractive to buyers using other currencies. 'The U.S.-China trade deal induced a muted response from the metal markets,' ANZ said. On Wednesday, U.S. President Donald Trump said he was 'very happy' with a trade deal that restores a fragile trade truce with China, removing Beijing's export curbs on rare earths and allowing Chinese students access to U.S. universities. Copper slips on uncertainty over trade talks, demand While the trade deal eased copper market concerns, uncertainties continue to linger, SHMET, a Shanghai-based commodity research house, said, adding that inventories in LME warehouses are down while China's domestic copper stocks are up. Rising inventories can point to softening demand. Among other LME metals, zinc added 0.1% to $2,656.5 per ton, nickel rose 0.1% to $15,190, while tin fell 0.3% to $32,555 and lead eased 0.1% to $1,986. Among other SHFE metals, aluminium gained 0.6% to 20,285 yuan a ton, zinc rose 0.1% to 22,035 yuan, nickel fell 0.8% to 120,520 yuan and tin lost 0.3% to 264,330 yuan.
