The Queen Elizabeth 2 The Queen Elizabeth 2 (QE2) ocean liner is to be the setting for an exclusive New Year’s Eve party, marking the ship’s first public outing since it was purchased by Dubai in 2008 .
The black-tie bash, billed as one of the world’s most exclusive New Year events, will feature musical acts including The Gypsies and Drury Lane and laser and fireworks displays, according to organisers Global Event Management.
The party will mark a “new lease of life” for the 43-year-old ocean liner, which was bought by Dubai World subsidiary Istithmar World for $100m.
It will be a “fabulous venue,” said Leili Gerami, spokesperson for the QE2.
The QE2 was launched in Southampton in 1968 and was one of the flagship cruise ships operated by Cunard on its transatlantic route between the UK and New York.
It was retired in 2008 and made its last voyage to Dubai that year, when it joined trophy assets such as luxury New York retailer Barneys and Cirque du Soleil in Istithmar’s portfolio.
The ship is currently moored in Port Rashid in Dubai, where she arrived amid much fanfare in November 2008. The intention was to convert the ship into a floating hotel, which would have seen her moored at Palm Jumeirah.
These plans stalled in the wake of Dubai’s debt crisis in 2009, which saw Istithmar’s parent company Dubai World restructure $24.9bn in debt
The investment company said in 2010 it was considering a number of options to maximise the value of the ocean liner, but had abandoned a plan to send the ship to South Africa.
 “There are a number of options being considered for QE2. IW is considering which option will best maximise value of the vessel,” a spokesperson said.