In a letter to shareholders, Disney Experiences Chairman Josh D’Amaro said: “The strategic logic of our Abu Dhabi plans is unchanged. Major new theme parks are necessarily long-term in nature given the lead time of these projects, and this investment approach has consistently benefited our business.”

D’Amaro told Reuters that the resort could take one to two years to design, followed by another four to six years for construction.

The update came as Disney reported quarterly revenue of $25.2 billion and net income of $2.7 billion, with its parks business helping the company beat analyst expectations.

The development adds to Abu Dhabi’s growing portfolio of leisure destinations on Yas Island, which already includes SeaWorld Abu Dhabi, Warner Bros.…