Abu Dhabi might be dwelling to the seventh Walt Disney theme park resort, in a partnership with Miral, a United Arab Emirates-based leisure firm, Disney introduced Wednesday.

A gap date has not been introduced, however The Walt Disney Co. stated in a information launch that Miral, which is led by a high Emirati official, will develop and construct the waterfront park on the favored vacationer vacation spot Yas Island. Disney’s “Imagineering” workforce will lead artistic design and operational oversight, per the announcement.

“Disneyland Abu Dhabi will be authentically Disney and distinctly Emirati — an oasis of extraordinary Disney entertainment at this crossroads of the world that will bring to life our timeless characters and stories in many new ways and will become a source of joy and inspiration for the people of this vast region to enjoy for generations to come,” Disney CEO Bob Iger stated in an announcement.

“As our seventh theme park destination, it will rise from this land in spectacular fashion, blending contemporary architecture with cutting edge technology to offer guests deeply immersive entertainment experiences in unique and modern ways,” he added.

The brand new Disney park will develop the UAE’s expansive portfolio of partnerships with leisure trade leaders, together with the Louvre, Formulation 1 racing, SeaWorld and Warner Bros., which all have signature sights in Abu Dhabi.

“The collaboration between Abu Dhabi and Disney demonstrates the remarkable results of combining visionary leadership and creative excellence,” Miral Chair Mohamed Khalifa Al Mubarak, a member of the Abu Dhabi Govt Council governing physique, stated in an announcement.

“Through the development of unique attractions and experiences, Abu Dhabi continues to be a destination of choice for the world,” he added.

The deal was disclosed in Disney’s quarterly investor submitting Wednesday. It famous that the corporate won’t present funding for the venture however will earn royalties primarily based on the park’s revenues and obtain some service charges.

The park is anticipated to incorporate themed lodging, eating and retail on web site.

The announcement additionally comes as President Trump is anticipated to go to the Center East subsequent week, together with a possible cease within the UAE, because the administration works to dealer a ceasefire deal between Israel and Palestinian militant group Hamas.