A group of investors in Dubai plan are planning to transform the QE2 ocean liner in to a luxury hotel with 400 guestrooms, Reuters reports.
The ocean liner, which is in Dubai, will receive a $90-million makeover in a Chinese shipyard to complete its transformation. In October, the ship will make its way to China from Dubai. It is expected to arrive in Singapore by November 1.
The Dubai-based investment consortium, known as QE2 Shipping, has not yet announced the final location of the ship, which Queen Elizabeth launched in 1968. QE2 Shipping purchased it from Cunnard for $100 million in 2007. However, the global 2008 debt crunch left the project on hold till now. It is known that the vessel will not return to Dubai.
In a press conference, Khamis Juma Buamim, the chairman of QE2 Shipping, stated that the historically famous ocean liner would remain intact.
"We are going to do what we think is right as this is our ship but we won't scrap it and we won't destroy it," Buamim said. "This is a piece of history. We are going to deliver the project in a timely manner," he added.