The ill-fated liner, which sank with the loss of 1, 500 lives on its maiden transatlantic voyage in 1912, was built at Belfast's Harland and Wolff shipyard.

BBC: NEWS | UK | Northern Ireland | City celebrates Titanic anniversary

He has already held talks with the head of the technical department at the Harland and Wolff shipyard, where the original liner, which sank in 1912, was built.

BBC: Tycoon presents Titanic II proposal

As well as displaying photographs of the ship itself, the exhibition will attempt to give an insight into life at the Harland and Wolff shipyard and in Belfast more generally in 1911.

BBC: Titanic centenary launched with R J Welch exhibition

Management at Belfast shipyard Harland and Wolff say the firm's future may be in jeopardy unless a row over payment for an oil rig is resolved.

BBC: News | Northern Ireland | New row threatens shipyard's future

Several hundred Harland and Wolff workers have marched from their shipyard to the centre of Belfast for a mass meeting.

BBC: Shipyard workers hold mass meeting