The Walt Disney Company has announced plans to open its seventh global theme park and its first in the Middle East. The new theme park and resort will be built on Yas Island, a well-known entertainment hub in Abu Dhabi.

The announcement that the world’s most famous theme park is setting up shop on Yas Island isn’t just thrilling news for families and Disney diehards. It’s a major power move that’s about to shake up the property, tourism and business landscape across the capital.