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Final resting place for the QE2 not so final after all
Part of the contract with Cunard meant that Nakheel could never use the vessel as a passenger carrying cruise ship.
Of course, back when they signed that contract, they probably didn't realize Dubai was going to suffer from the effects of the global recession.
The scope of the slowdown of the Dubai economy has now forced the final resting place of the QE2 to be put on hold, and the ship is going to act as a not-so-luxury hotel down in Cape Town for the 2010 football world cup.
It is still unknown whether the Dubai project will continue as planned or whether the resort planned around the QE2 will become yet another victim of the Dubai economic meltdown.