Dubai Company Buys QE2 for $100 Million |
| Houston Chronicle - Jun 18, 2007 |
The QE2, the majestic ocean liner that has carried millions of people across the Atlantic during its 40-year history, has been sold to a Dubai-owned company for $100 million, the company said Monday.
State-owned Istithmar said it plans to turn the giant passenger ship into a first-class floating hotel, retail and entertainment destination, berthed off Dubai's manmade Palm Jumeirah island.
The aging vessel, bought from the Cunard Line division Carnival Corp., will end its days as a tourist attraction, opening to the public in the beginning of 2009, Istithmar said in an e-mailed statement. Istithmar is a division of Dubai World, a government-owned holding company that also owns Nakheel, the developer of Palm Jumeirah.
Read Full Article from Houston Chronicle
- Posted: 2007-06-18 10:17:49
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