This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6762901.stm

The article has changed 7 times. There is an RSS feed of changes available.

Version 1 Version 2
QE2 set to become floating hotel QE2 set to become floating hotel
(about 1 hour later)
Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m (£50.5m) and turn it into a floating hotel off the Gulf emirate's man-made islands.Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m (£50.5m) and turn it into a floating hotel off the Gulf emirate's man-made islands.
The 70,000-tonne vessel, launched by the Queen in 1967, is to be sold to the Dubai World firm by Carnival, the world's largest cruise operator.The 70,000-tonne vessel, launched by the Queen in 1967, is to be sold to the Dubai World firm by Carnival, the world's largest cruise operator.
Dubai government-owned real-estate developer Nakheel is building three palm-frond shaped isles off its coast.Dubai government-owned real-estate developer Nakheel is building three palm-frond shaped isles off its coast.
The ship will be berthed from 2009 at a pier at the Palm Jumeirah development.The ship will be berthed from 2009 at a pier at the Palm Jumeirah development.
'Maritime nation''Maritime nation'
Dubai World, whose investment arm Istithmar has made the purchase, also owns shipping company P&O.Dubai World, whose investment arm Istithmar has made the purchase, also owns shipping company P&O.
Istithmar hopes to recreate the QE2's original interior decor and fittings, and to establish a museum charting the ship's history.Istithmar hopes to recreate the QE2's original interior decor and fittings, and to establish a museum charting the ship's history.
Dubai World chairman Sultan Ahmed bin Sulayem said: "Dubai is a maritime nation and we understand the rich heritage of QE2.Dubai World chairman Sultan Ahmed bin Sulayem said: "Dubai is a maritime nation and we understand the rich heritage of QE2.
"She is coming to a home where she will be cherished.""She is coming to a home where she will be cherished."
The ship came into service in 1969 and has crossed the Atlantic more than 800 times, carrying more than 2.5 million passengers, Istithmar said.
Istithmar is the investment arm of Dubai World, which owns Nakheel and Dubai Ports World, the port operator that bought P&O, a 165-year-old British company, in 2006.