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Tue 26 Jan 2010 04:08 PM

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Dubai World unit confirms QE2 Cape Town rethink

Istithmar World says it is looking at the best option to maximise value of liner.

Dubai World unit confirms QE2 Cape Town rethink
NO GO: The QE2 will not be going to Cape Town after all, Istithmar said on Tuesday. (Getty Images)

Dubai World investment arm Istithmar World confirmed on Tuesday it had abandoned a plan to send the Queen Elizabeth 2 (QE2) to South Africa, saying it looking at the best option to maximise the value of the liner.

"Cape Town was one of a number of options. It is no longer being considered," the company said in an e-mailed statement, without specifying a reason for the decision.

It added there were a number of options being considered for the liner and the company is studying which will "best maximise the value of the vessel".

Istithmar World, the investment arm of conglomerate Dubai World, operates the liner, which is currently moored in Dubai. (Reuters)

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BRANDO 10 years ago

What was wrong with the original idea of berthing it at Palm Jumeirah ? It would be a great visitor attraction for Dubai

Jebel Ali Baba 10 years ago

Too many hotel rooms and too little occupancy. But SA will host the Football Worldcup and is always a prime tourist destination. Let the Queen sail again...

Bruce 10 years ago

How can they put it on the Palm when they don't have the money to refit the ship, or build the mooring and associated visitor attractions on the trunk. It would probably need a lot of work carried out before it could even go to South Africa, and they can't afford that either. My guess is that is staying where it is whilst they find a suitable buyer for the asset to help debt repayments.

MM 10 years ago

Convert the QE2 as a museum for people to go see inside. Sell it for AED50 per adult and DW will get a lot of visitors. Convert the other half slowly into hotel. THis will bring more tourists to UAE. Wasn't that the whole idea... bring more tourists and get the market up and running. QE2 is a great idea and another reason for tourists or the only reason for some to visit Dubai.

Ian 10 years ago

The original plan to gut it completely and to create a boutique hotel was hugely expensive and would probably never recover it's costs. But opening it now simply as a museum / tourist attraction only needs a few staff and a suitable berth (why not where it is now in the almost derelict Port Rashid - which is supposed to be a Cruise Liner Terminal?) and will earn some revenue and attract folks to Dubai. I have been told she could never have gone to RSA because there is a limitation of maximum 3 days at sea written into the sale agreement by the previous owners, Cunard.

Brit happy to be here 10 years ago

The QE2 symbolises a bygone era of opulence and aspiration, which most of us can just dream about now. Like the National Trust in the UK, why not start an NPO aimed at saving the UAE's treasures - the general public could invest in the QE2, get the use of facilities for parties etc, as part of their reward, and help save a global monument. If it's just a case of raising money for the refit - the investors could then be recognised through a plaque or wall in the ship which immortalises their contribution. The same could go for the Hatta Heritage Village, and the other museum pieces here in Dubai/rest of the UAE. Consultation by Kate.

Roy 10 years ago

I sailed on the QE2 once...in 1982 while going to war in the Falklands. Although it was crammed with 5000 troops the staff stayed and served us as if we were paying passengers. They did a superb job in very trying circumstances and I have some very fond memories of my time on board..so in answer to your point...yes the QE2 is an icon to many people and to think of it as just a mode of transport is ridiculous...by the way what type of car do you drive or wish you had as a mode of transport.

BRANDO 10 years ago

I have no idea what state she is in or what sort of money is involved but here's my thoughts. (assuming she is still seaworthy) Why not do an Arabian Gulf Cruise / UAE Cruise ? Dubai > Abu Dhabi > Qatar and back ?? - Totally Unique tourist attraction which could pull in tons of visitors. (if it was allowed by cunard ?) Part Museum / Part Hotel A museum would be the cheapest option and hundreds of thousands of people would definitely pay for a guided tour around her...no doubt about that. Part Hotel - If you can get some of the big hotel chains to invest in a partial refit it would be a great sales gimmick for them too. Three nights in the Sheraton and a night in the QE2 !! ...sounds pretty tempting to me ! ...or you could just sink her and make the ultimate 6star wreck dive attraction in the world LOL ...just kidding :) If you need the cash quick sell it to a Russian Oligarch so he can out do his rivals GigaYachts, I hear some of them have more money than brains !

Jim Smith 10 years ago

It would do very well as a hotel like the Queen Mary in Long Beach in Los Angeles. We stayed there 20 years ago and it was a great experience esp. for the kids!

Simple Guy 10 years ago

you mean Persian Gulf Cruise, right?!