NEWS FEED
Zoom
10:12 16 July
TOP 5

Kempinski to run World’s Tallest Hotel in North Korea - PHOTO


Baku – APA-Economics. The world’s tallest hotel will open next year in the North Korean capital of Pyongyang, APA reports.

The 105-story, pyramid-shaped Ryugyong Hotel, whose foundations were poured 33 years ago, will open partially in July or August, Kempinski AG CEO Reto Wittwer said Friday in Seoul.

The German luxury-hotel manager will be the 1st western hospitality company to operate in North Korea.

Kempinski, based in Munich, is handling management while Egypt’s Orascom Telecom Media & Technology Holding SAE PINK:ORSTF funded the hotel as part of a $400-M mobile-phone license it won from the North Korean government in Y 2008, he said. Cairo-based Orascom has spent $180-M on completing the hotel’s facade.

Related news releases

VİDEO NEWS

PHOTO NEWS

  • President Ilham Aliyev awards ANAMA employees
  • USD rate for tomorrow announced
+2
EXCHANGE RATE
FOREX
/ 17 July , 2018

USD
1.7
 
EUR
1.9874
 
RR
0.0272