Asian investors have announced plans to save the world famous ocean liner, the Queen Elizabeth 2, from its scrap yard fate. The deal would end concerns about the future of the iconic ship, which was sold in 2008 to the government owned Dubai World for £64 million.
If new plans go ahead the ship would be turned into a 500-room luxury hotel most likely housing guests in Hong Kong or providing a special base for those on holiday in Singapore. The current owners had planned to turn the QE2 into a stylish 1000-room hotel, but financial setbacks meant the plans were put on hold.
In November new plans were revealed for the ship, with a British consortium proposing to turn the QE2 into a floating hotel outside London’s O2 Arena. If plans had gone ahead the hotel could have created around 2,000 new jobs in the UK. Unfortunately at the end of last year, talks began circulating that the ship was to be sent to the scrap yard.
The new venture, that involves the Singapore based Oceanic group, would see the ship being loaned from Dubai World for $1 million a year. Managing director of Oceanic Group, Daniel Chui, said “The Queen Elizabeth 2 is starting the next exciting journey of her long and illustrious career”
“Our vision is for the ship to become a landmark cultural and tourist attraction – a beacon of luxury, glamour, quality and tradition - in the heart of a leading Asian city that shares her rich maritime heritage and is prepared to give this very special ship the prominent waterfront home she deserves."