Dubai will spend another $90 million to refurbish the ocean liner QE2 before it steams out of the emirate in October to be moored in Asia as a 400-room luxury hotel, its new owners said on Sunday.
The QE2, launched more than 40 years ago by Britain’s Queen Elizabeth, will be owned by a consortium of investors under a Dubai-based entity called QE2 Shipping, Khamis Juma Buamim, the chairman of the new company said at a press conference.
The identity of the individual investors was not revealed and neither was the final destination of the vessel. But the ship will be moored in Asia and will not return to Dubai.
Full report here Reuters