"The "QE2" would be placed in a much better location", Ali Rashid Lootah, the chairman of Nakheel, told Dubai's The National newspaper "The Government of Dubai is developing an up-to-date modern cruise terminal which will mean a better environment", confirming the ship would remain in Dubai for the foreseeable future.On 31 December 2011, "Queen Elizabeth 2" was the location of a lavish New Year's Eve party in Dubai.