EFTA00671774.pdf

From: Sultan Bin Sulayem To: Jeffrey Epstein <jeeyacationggmail.com> Subject: Fwd: Bloomberg final Date: Tue, 03 Jul 2012 08:26:13 +0000 Sent from my iPhone Begin forwarded message: Front: Sarah Lockie Date: July 3, 2012 9:04:27 AM GMT To: ' Mohammed Sharaf 01:00 Subject: Bloomberg final >, Sultan Bin Sulayem , Mohammed Al Muallem Mohammed Ali Ahmed <- >, This was the final Bloomberg story after correcting all their mistakes — which included getting your name wrong, Sultan! Quite nice QE2 Ocean Liner to Be Turned Into 300-Room Hotel Moored in Dubai Tamara Walid 02 July 2012 Bloomberg The Queen Elizabeth II ocean liner, whose passengers included Britain's royal family, will be converted into a 300-room hotel in a Dubai port, according to the owner. lstithmar World PJSC, the state-owned company that bought the 963-foot (294-meter) cruise ship known as the QE2 for $100 million in 2007, will renovate the liner while preserving its interior, Chairman Sultan Ahmed Bin Sulayem said at a briefing in the emirate today. The ship made its final voyage in 2008. "We realized that a lot of people love the ship as it is," bin Sulayem said. "We will fix what needs to be fixed, but we will preserve its tradition and the way it was." The QE2 made its maiden voyage from Southampton, England, to New York in 1969. The ship, operated by Cunard, completed more than 5 million miles at sea, according to a website about the QE2. The liner was the victim of a bomb hoax and ransom demand in 1972 and hit rocks near Martha's Vineyard in 1992. The ship has five restaurants, a cinema, a casino, a health club, a shopping area, a hospital, library and several bars. The ship survived Hurricane Luis on a westbound Atlantic crossing and was hit by a 95-foot wave in 1995. Palm Jumeirah lstithmar had planned to move the ship to the Palm Jumeirah, an artificial island shaped like a palm tree off the coast of Dubai. However, it will now stay at Port Rashid, where ifs currently moored, as part of a plan to turn the area into a maritime attraction, bin Sulayem said. Renovation will include changes to the water-supply and drainage system as well as air- conditioning to make it more suitable for the desert climate, he said. EFTA00671774 The company is in talks with three hotel operators, including Dubai-based Jumeirah Group, to manage the property, said bin Sulayem, who is also chairman of DP World Ltd. (DPW) He declined to say how much the conversion will cost. Neither DP World, which owns and operates Port Rashid, nor lstithmar will finance the project, bin Sulayem said. "This will not affect the financial commitments of Istithmar; There are plenty of resources available," he said. lstithmar has $286 million in outstanding debt, according to data compiled by Bloomberg. An old cruise terminal at the port will be converted to become the Dubai Maritime Museum, which will house 25,000 artifacts and maritime artworks owned by DP World, bin Sulayem said. It will be finished within the same timeframe as the ship. DP World said in October it planned to expand Port Rashid's cruise terminal to cater to five cruise ships at a time by the end 2012, compared with two vessels at present. "We want to make Port Rashid a seaport village," bin Sulayem said today. ********************************************DISCLAIMER********************************* *********** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change.The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication,nor for any delay in its receipt or damage to your system.The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimise the risk. ***************************************************************************************** ********* EFTA00671775