The QE2, one of the world's most majestic cruise liners, sold for STG50 million ($A117.73 million) from Britain's Cunard Line.
The passenger ship will be berthed at a man-made island off the coast of Dubai and turned into a luxury hotel from 2009 said Istithmar, the investment arm of the state-owned Dubai World development company.
Its refurbishment program would aim to recreate the ship's original interior and also include a museum celebrating its rich history, he added.
The ship will berthed at a specially constructed pier on a huge multi-million dollar palm-shaped artificial island off the Dubai coast.
The Palm Jumeirah, which is one and a half times the size of New York's Central Park, is part of Dubai's plan to become a global tourism and business hub.
Source : News.co.uk | Picture : pcrutis
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