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.
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