Entertainment company said on Wednesday that Disney would construct its seventh theme park. The Waterfront Resort Abu Dhabi will be built on Yas Island on the outskirts of the city, already home to Abu Dhabi Grand Prix, Ferrari and Warner Brothers of Formula One. Enterprise Park, Civard and a Waterpark. Disney and Miral, the Abu Dhabi developer project, expects 120 million airline passengers traveling through Abu Dhabi and Dubai every year. While long -standing neighbor Dubai has been seen as more buttons than beaches and hoarse nightlife, Abu Dhabi is also the home of Louvre Abu Dhabi and currently there are more museums under construction. The theme park is being announced next week by US President Donald Trump before traveling in the region. Trump has promised a series of business deals with Saudi Arabia, Qatar and UAE. The theme park will be made and operated by the miraal, but will handle the design and development. According to a regulatory filing, Disney will license its intellectual property and provide development and management services. The California company will not provide any capital for the project. This will earn royalty based on the revenue of the resort. This service fee will also be earned. Almost all the entertainment made on the Miral Island have been involved in the development of the entertainment complexes. An estimated opening date has not been announced. Disney shares, which reported the financial results of the second quarter on Wednesday, defeated the expectations of Wall Street, jumped over 9% in the morning business.
