QE2 Future in Dubai on Hold

Dubai has cancelled plans to host over 160 events aboard the QE2, which is currently moored at Port Rashid, while the emirate plans how to dispose of the asset.

Dubai has cancelled plans to host over 160 events aboard the QE2, the iconic cruise liner it bought for $100m in 2007 and which is currently moored at Port Rashid, Arabian Business has learned.

Owned by Istithmar, the investment arm of state-owned Dubai World, since June 2007, various plans have been pitched over the last five years to turn the 45 year-old cruise liner into a luxury floating hotel.

While unconfirmed rumours claimed the captain and his staff left the ship on Friday and Asian inspectors had boarded the ship, Arabian Business has been told a scrapyard in India is currently seen as the most likely final destination for the ship, rather than China, as was widely reported.

Source: Arabian Business News