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QE2’s Dubai Owners: No Plans to Sell Cruise Ship | ASHARQ AL-AWSAT English Archive 2005 -2017
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DUBAI, United Arab Emirates, (AP) – The Dubai developer that bought the QE2 says it remains committed to renovating the British cruise ship.

State-owned Nakheel has been hounded by press and blog speculation that it may shelve plans to turn the storied ocean liner into a luxury hotel because of a lack of funds.

The company has cut staff and postponed several projects, including a tower planned to be the world’s tallest and a high-end hotel being built with Donald Trump.

Nakheel said in a statement Sunday it is examining the ship ahead of restoration but has no plans to sell it or operate it again as a cruise liner. The ship is currently moored at Port Rashid in downtown Dubai.