Mickey and Minnie are heading to the Middle East

What happens when the world’s luckiest number meets the happiest place on Earth?

We’re about to find out in Abu Dhabi, the UAE’s capital city, where Disney announced yesterday that its seventh global theme park is currently under development.

The high-tech resort is a collaboration with local leisure and entertainment company Miral, which is in charge of building and developing the park while Disney Imagineers control the creative design and operational oversight.

Location, location, location: Roughly one-third of the world's population lives within a four-hour flight of the UAE, according to Disney. The company’s new park will also be located an hour’s drive from the Dubai Airport—the second busiest in the world—when it opens, which CEO Bob Iger said could occur within seven years.

It comes as Disney’s overall business is booming. The entertainment giant yesterday posted quarterly earnings that beat analysts' expectations across the board, boosted by higher-than-expected Disney+ subscriber growth. The company’s entertainment streaming business, which includes Disney+ and Hulu, reported a profit of $336 million for the quarter, compared with $47 million a year earlier.