Disney is headed to Abu Dhabi — but it’s not picking up the bill. In a deal announced Wednesday, The Walt Disney Company (DIS) revealed plans to open its seventh global theme park resort, this time on Yas Island in the United Arab Emirates.

Disney's new theme park will be located on Abu Dhabi's Yas Island, about 8,400 miles away from Anaheim, California -- the site of the first Disneyland that opened in 1955. "You start thinking about what is possible, actually envisioning a castle rising up in this case from the sand and also being on the water," Iger said.