Disney(US:DIS) 智通财经网·2025-05-07 13:58Core Insights - Disney announced the construction of its first theme park in the Middle East, located in Abu Dhabi, UAE, marking the company's 13th theme park globally [1] - The project is part of Disney's ten-year plan to accelerate growth in its theme park business, which is currently its most profitable segment [1][2] - The park will be developed by Miral Group, which will handle the construction, ownership, and operation, allowing Disney to avoid capital expenditures [2] Group 1: Project Details - The new theme park will be situated on Yas Island, a significant tourist destination in the UAE, which already features attractions like Ferrari World and Warner Bros. World [1] - The design process for the resort and its attractions is expected to take about two years, followed by a construction period of five to six years [1] - The park will integrate local architectural styles with Disney's design philosophy, aiming to create a unique blend of Disney charm and Emirati culture [3] Group 2: Market Strategy - Disney views the Middle East as a market with substantial opportunities, particularly due to the high passenger traffic at Abu Dhabi and Dubai airports, which collectively see over 120 million visitors annually [2] - The negotiations with Miral Group lasted approximately 18 months, indicating a strategic partnership aimed at enhancing Disney's global footprint [2] - The Abu Dhabi park will be Disney's seventh theme park, joining locations in California, Florida, Tokyo, Paris, Shanghai, and Hong Kong [2] Group 3: Financial Performance - Disney recently reported better-than-expected Q2 earnings, with total revenue increasing by 7% to $23.6 billion and adjusted earnings per share rising by 20% to $1.45, surpassing market expectations [3] - The growth in revenue is attributed to the profitability of domestic parks, streaming services, and film studios [3]