Fortress Investment Group has opened an office in Abu Dhabi and appointed a senior executive to build its business in the Gulf region, the U.S. firm said on Wednesday. Co-CEO Drew McKnight told Reuters in an interview that Charles Spetka has been appointed head of the Middle East and North Africa to lead its regional business.

For the first time in 15 years, the Walt Disney Company has announced the development of a new theme park - a resort destination in Abu Dhabi that marks the company’s entry into the Middle East.

Disney’s new waterfront resort will be built next to SeaWorld, Ferrari World and Warner Bros. World theme parks on Yas Island in the United Arab Emirates.

However, there are obvious design implications when it comes to building a theme park in Abu Dhabi. Orlando gets hot, but summer temperatures in the United Arab Emirates can pass 50°C (122°F). As a result, Miral says that, like its other theme parks on Yas Island, Disneyland Abu Dhabi will be entirely indoors.

Walt Disney Co. announced plans for its first theme park in the Middle East, a sprawling resort property in the emirate of Abu Dhabi.

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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.

ADPHC and Novartis will collaborate to create and execute awareness campaigns via digital and traditional channels

The Walt Disney Co. will venture into the Middle East for the first time with a theme park in Abu Dhabi, the entertainment conglomerate and its local partners announced Wednesday.

Purchase price will be based on the net asset value, plus a premium of approximately $8mn, with the final amount to be determined at closing