Along Dubai for QE2

Dubai World, which owns Dubai Ports World, which purchased P& O's global ports operations last year, has now acquired the iconic ocean liner 'Queen Elizabeth 2' for $100m. The 40 year old, 70,000 ton cruise ship will be turned into a floating hotel alongside a pier at the Palm Jumeirah offshore development when it is retired from service in 2009. 

Dubai World's investment arm Istithmar, which made the purchase from cruise operator Carnival, hopes to recreate the QE2's original interior décor and fittings.

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