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IADEMO2004

(5,538 posts)
Sun Apr 21, 2013, 01:12 PM Apr 2013

What does Iowa have in common with North Korea---Orascom

http://www.dailymail.co.uk/news/article-2245054/Welcome-Hotel-Doom-The-3-000-room-monstrosity-Kim-Jong-Uns-starving-dictatorship-North-Korea-foreigner-stepped-inside--now.html

Owner/fertilizer plant building/corporate taker of govt. welfare Orascom

Hotel Doom

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Esquire magazine described it as ‘the worst building in the history of mankind’. Others labeled it the Hotel of Doom. The name has stuck.

Then in 2008, after 16 years of inactivity and to the astonishment of Western observers, work suddenly resumed. Last year, its concrete was strengthened and its exterior coated in £111?million worth of glass, which lights up with furnace-like brilliance when it catches the sun.

Its fortunes have been revived by the deep-pocketed Egyptian Orascom Group which took over as developer in 2008 after reportedly signing a $400?million deal to establish a mobile phone network in North Korea. Orascom installed the dazzling glass panels along with telecom antennae.

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