The official press release reads:
The Walt Disney Company and Miral, Abu Dhabi's leading creator of immersive destinations and experiences, announced an agreement to create a landmark Disney theme park resort in Abu Dhabi, United Arab Emirates. The waterfront resort will be located on Yas Island, a world-class destination for entertainment and leisure, connecting travelers from the Middle East and Africa, India, Asia, Europe, and beyond. This seventh Disney theme park resort will combine Disney's iconic stories, characters and attractions with Abu Dhabi's vibrant culture, stunning shorelines, and breathtaking architecture.
Which is certainly intriguing. I didn't have a new theme park in the middle east on my bingo card. Still, I'm intrigued by their growth and think its a good thing in the long run.
But as several market analysts warn: don't get too excited about Disney stock just yet, as it will take several years for the park to be built.
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