Could a Disney vacation in Abu Dhabi be a bargain compared with the American equivalent? Travelers may think of the Middle Eastern destination as a place of unbridled luxury, replete with Michelin-starred restaurants and hotels whose rates can run as high as $1 million per week.

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.

Walt Disney Co. (NYSE:DIS) announced on Wednesday that it will build its seventh theme park in Abu Dhabi. CEO Bob Iger gave more insight on Disneyland Abu Dhabi on the company's earnings call. Iger joined the conference call from the United Arab Emirates and opened with prepared remarks highlighting the company's expansion into the region.