Orascom funded world's tallest hotel lit up with N Korea propaganda

A propaganda message is displayed on the facade of the half-completed pyramid-shaped Ryugyong Hotel in Pyongyang, North Korea, turning a national embarrassment into a symbol of pride. (AFP)
Updated 11 January 2019
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Orascom funded world's tallest hotel lit up with N Korea propaganda

PYONGYANG: The 105-story Ryugyong Hotel has long been a blot on the Pyongyang skyline. The world’s tallest unoccupied building has towered over North Korea’s capital since 1987, a grand but empty pyramid entirely dark except for the lone aircraft warning light at the top.

Outsiders saw the unfinished building as the epitome of failure, while people inside the country took care to rarely mention it at all.

That is, until light designer Kim Yong Il made the building once again the talk of the town.

In a brilliant flip of the script, the Ryugyong has been reborn as a symbol of pride and North Korean ingenuity.

For several hours each night, the building that doesn’t have electricity inside becomes the backdrop of a massive light show in which more than 100,000 LEDs flash images of famous statues and monuments, bursts of fireworks, party symbols and political slogans.

The Ryugyong is still unfinished. There’s no public date when, or if, it will host its elusive first guest. Questions remain over whether the glass-and-concrete hotel is structurally sound. And North Korea’s electricity supply is limited as it is.

But never mind all that.

“I feel really proud,” Kim, the vice department director of the Korean Light Decoration Center, told The Associated Press in a recent interview at the foot of the hotel. “I made this magnificent design for this gigantic building and when people see it, it makes them feel good. It makes me proud to work as a designer.”

The display was first lit in April to mark the birthday of the country’s “eternal president,” Kim Il Sung.

Designer Kim said the preparations took about five months. He was in charge of the designing and programming the light display, which took him two months. Another specialist was responsible for the physical setup and electrical wiring.

Giant LED displays has been used around the world for many years — and on even bigger buildings. Japanese designer Yusuke Murakami and a London-based company collaborated in 2016 on an LED animation on Dubai’s Burj Khalifa, the world’s largest tower.

I feel really proud. I made this magnificent design for this gigantic building and when people see it, it makes them feel good. It makes me proud to work as a designer.

The 330-meter (1,083-feet) Ryugyong tower has three distinct sides. The main show is displayed on the front, while simpler designs light up the other two. For a conical section at the very top, Kim created the image of the red, white and blue North Korean flag waving in the wind. It is 40 meters tall and visible from any direction.

The four-minute main program begins with an animation showing the history of the nation, followed by homages to ideals like self-reliance and revolutionary spirit and a procession of 17 political slogans such as “single-minded unity,” “harmonious whole” and “100 battles, 100 victories.”

The lights are connected to a computerized controlling system about the size of a household DVD player.

“The whole program can be stored on an SD card and put into the controller,” Kim said. “We can do the diagnostics on a laptop.”

The Ryugyong is a big part of the legacy of second-generation leader Kim Jong Il, current leader Kim Jong Un’s late father.

He ordered its construction as part of Pyongyang’s preparations for the 13th World Festival of Youth and Students, which the city hosted in 1989 as a kind of counterpoint to the 1988 Seoul Olympics. The Ryugyong was supposed to be the world’s tallest hotel, surpassing another in Singapore that was built by a South Korean company, but the building fell by the wayside as North Korea experienced a severe economic crash and famines in the 1990s after the fall of the Soviet Union.

It languished in limbo until Egypt’s Orascom Group, which established the North’s cellphone system, helped to fund the completion of its glass exterior in 2011.

Like his father, Kim Jong Un has a penchant for ambitious building projects, including 82- and 70-story residences in the capital’s Ryomyong — “dawn” — district that opened last year and a massive science and technology complex with a main building shaped like a giant atom.

 

 “The goal of setting up this light screen is to give confidence and hope for the future to our people,” said Kim, the designer, as he watched people walking by in the light of his massive display. “The response has been great. The national flag at the top of the building is hundreds of meters high and everyone can see it. It fills them with pride and confidence in being citizens, willing to work very hard.”

He declined to guess when the hotel itself might open.

“That’s not my field,” he laughed.

However,  he said there’s no plan to turn off the Ryugyong light show, though updates could be in the works.

“We could change the content,” he said. “The demands and aspirations of the people and the times change, so we can change the program to reflect that.”

Decoder

The Orascom project explained

The late North Korean leader Kim Jong Il, father of the current leader Kim Jong Un, ordered the building project as part of Pyongyang’s preparations for the 13th World Festival of Youth and Students, which it hosted in 1989 as a kind of counterpoint to the 1988 Seoul Olympics.


Saudi Arabia, UAE supplied 85% of Japan’s crude oil in March

Updated 10 sec ago
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Saudi Arabia, UAE supplied 85% of Japan’s crude oil in March

  • Further 10% of Japan’s needs were from Arab sources including Kuwait, Qatar, Oman and the Neutral Zone

TOKYO: Saudi Arabia and the UAE provided 85 percent of Japan’s total crude oil needs in March, according to the Agency of Natural Resources and Energy of the nation’s Ministry of Economy, Trade and Industry.

A further 10 percent of Japan’s needs were from Arab sources including Kuwait, Qatar, Oman and the Neutral Zone. This means that the Arab region provided nearly 95 percent of Japan’s needs.

Crude oil represents about a third of Japan’s energy needs.

Japan imported 32.77 million barrels from the UAE, or 44.1 percent of total imports, in March. Saudi Arabia’s share amounted to 30.51 million barrels, or 41 percent of total imports.

During March, Japan imported 74.39 million barrels of oil, of which the Arab share was 94.7 percent, or 70.45 million barrels.

Kuwait provided 5.12 million barrels (6.9 percent) and Qatar 1.56 million barrels (2.1 percent). Japan imported 0.1 percent from Oman and 0.6 percent from the Neutral Zone.

With Japan’s ban on importing oil from Iran and Russia continuing in March, the rest of the country’s oil imports came from the US (4.1 percent), Central and South America (0.9 percent), and Oceania (0.3 percent).


Europe to launch chamber of commerce in Riyadh

Updated 01 May 2024
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Europe to launch chamber of commerce in Riyadh

RIYADH: The first European Chamber of Commerce in the Gulf region will open next week in Riyadh, the EU’s special representative for the Gulf region has told Arab News.

Luigi Di Maio said the new body would bring Saudi and European companies together to enhance trade and cooperation.

“We’ve worked very hard with the Ministry of Investment, your Ministry of Trade. The EU delegation in Riyadh did a great job. And now we are going to inaugurate this chamber,” Di Maio said.

“That is in order to bring closer our companies, Saudi companies and European companies, to take on both sides the new opportunities of the Vision 2030 program … of our new European Green Deal, Next Generation EU, and others.”

Saudi Arabia’s Vision 2030 reform program had transformed the global business community’s view of the Kingdom, Di Maio said. “The ambitions, especially economic ambitions, of Saudi Arabia are totally changing perceptions of the Kingdom around the world,” he said. “There is a business community that is more and more interested in these ambitions, in this vision, and in a new generation of dreamers in this country.”

There was a growing recognition of the Kingdom’s diplomatic and economic influence, Di Maio said. “Saudi Arabia is becoming more and more the point of reference because now it is implementing its vision for the region that is not just an economic ambition, but is a new policy and new initiatives in order to de-escalate, to make the region in peace and wind down on tensions like the tension that we are experiencing now.

“The partnership and the strategic partnership between the EU and GCC countries, in particular with countries like Saudi Arabia, is vital.”


Red Sea Global offers more than 50 leisure activities: top official

Updated 30 April 2024
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Red Sea Global offers more than 50 leisure activities: top official

RIYADH: Contrary to popular conception, sporting activities provided in the Red Sea and AMAALA are not just confined to water, but these destinations offer exciting leisure choices on land as well, said a top official. 

Speaking to Arab News at the Future Hospitality Summit, Oliver Wood, senior director of Destination Development at Red Sea Global, said the destination currently offers more than 50 activities for visitors. 

Wood said that RSG created three business entities last year — Galaxea, WAMA, and Akun. 

Galaxea provides diving experiences to visitors, while WAMA and Akun offer water activities and adventure sports respectively. 

“Galaxea is a coral that’s endemic to the Red Sea. It looks like, a kind of submarine galaxy that sits below a constellation and is beautiful. Then we created WAMA which is a way for water. And then we created Akun, which to us, is obviously ‘to be’ in the moment, start when you stand, breathe, leave everything behind,” said Wood. 

He added: “So, all three of these businesses work together to do something that will reduce the misconceived fact that we are just water. We are land as well. In fact, similar to our surroundings, our land was created by water. Fifty million years ago, the sea was 120 km inland and 200 m higher. So we’re finding dinosaur bones. We’ve got petroglyphs, we’ve got ancient trade routes.” 

According to Wood, some of the land activities offered in the Red Sea and AMAALA destinations include biking and hiking, with RSG recently delivering electric fat bikes for visitors. 

“So for us, it’s about taking you out hiking. It’s taking you biking, supercool Akun electric fat bikes that we just got delivered. So, you can go sand, and gravel wherever you want. It’s about climbing to the top of our mountains,” he added. 

The RSG executive also lauded the efforts of the Saudi Sailing Federation and the Saudi Water Sports and Diving Federation in promoting water sports in the Kingdom. 

“The Saudi Sailing Federation, Saudi Water Sports and Diving Federation, they’re bringing this sport to the forefront. So, together we’ve created this blueprint so that you have more Saudis in the water, more tourists that are going in the water,” he noted. 

Wood said that the availability of e-foils is one of the major attractions in the destination. 

“E-foils is a surfboard that’s electrified, has this fin in the middle that pushes you above the water, so you glide through it without any friction. That is one of the most popular things we do. It is really good fun,” said Wood. 

He added: “You can kayak through mangroves. And, then below the water is incredible. It’s one of the most well-preserved reefs in the world, and we’re very lucky to be working with KAUST on the scientific side.” 

According to Wood, Galaxea is not just a diving brand, but it will allow visitors to understand the beauty and value of nature. 

“There are lots of rare and endangered species beneath the water and it’s just incredible. It is a beautiful experience that allows you to reset your mind and just have a beautiful time in the Red Sea,” said the RSG official. 

He revealed that RSG brand Corallium, which is a marine life institute, will help travelers understand more about protecting, preserving, and supporting water ecosystems. 

Wood added that Corallium would also help divers communicate with experts in real-time, as they enjoy the beauty of the marine world. 

According to the RSG website, Corallium can host 650 people at one time, and guests will be able to walk underwater, snorkel with rare species, participate in lab tours as well as dive into the depths of the Red Sea in a submarine. 

“So as a diver, so you go snorkeling, you’re kind of shut off from it and experiencing it. Then you can speak to somebody afterward and understand.

 “We try and extend that a bit further. you actually get to go out in these experiences and dive with a full face mask, communicating in real-time, under the water with our team,” he noted. 

Wood also revealed that RSG has plans to create a scuba spa, where people can enjoy the silence in water. 

Talking about the multiple options available for travelers in the Red Sea, he said: “You can be in the middle of desert dunes, you can be out in granite mountains. You can even go down to volcanoes. We have incredible volcanic lava fields that sit close to us. And then you can be in the water. You can be in front of 600-year-old pillars of coral reef. You can go through caves into the water.” 

Wood also hinted that RSG is working toward offering Red Sea and AMAALA destinations to people who fall both in the luxury class and the middle range. 

“We’re trying to show generosity in the value that we offer everybody there. We’ve tried to not only benchmark globally but try and push it right down so it is accessible to everybody and so that everybody can come and really enjoy it,” said Wood. 

He added: “For me, it’s about building things around that enable people to come and get involved with it. So there are all sorts of things that we’re working on right now that will be revealed and are coming up.” 


BlackRock, PIF launch multi-asset investment management platform in Riyadh

Updated 30 April 2024
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BlackRock, PIF launch multi-asset investment management platform in Riyadh

  • First-of-its kind partnership aligns with PIF’s initiatives to drive further growth of the Saudi capital markets ecosystem, sector
  • It will be anchored by an initial investment mandate of up to $5bn from PIF

RIYADH: BlackRock Saudi Arabia and the Public Investment Fund signed a memorandum of understanding on Tuesday which entitles the former to establish a Riyadh-based multi-asset investment platform.
It will be anchored by an initial investment mandate of up to $5 billion from PIF, subject to the achievement of agreed milestones between the parties, said a media statement.
Both parties have expressed the intention to establish BlackRock Riyadh Investment Management, which will encompass investment strategies across a range of asset classes. It is expected to be managed by a Riyadh-based portfolio management team and supported by BlackRock’s global asset management platform.
Larry Fink, BlackRock’s CEO, said: “We are excited to build on the deep partnership we have developed with PIF over many years to launch this first-of-its-kind international investment management platform in Saudi Arabia.
“The continued growth of the Kingdom’s capital markets, and diversification of its financial sector, will contribute to future prosperity for its citizens, the competitiveness of its companies and the resilience of its economy.”
Saudi Arabia has become an increasingly attractive destination for international investment as Vision 2030 comes to life, according to Fink.
He added: “We are pleased to offer investors from around the world the opportunity to take part in this exciting, long-term opportunity.”
Yazeed Al-Humied, PIF’s deputy governor and head of MENA (Middle East and North Africa) Investments, said: “PIF’s relationship with BlackRock is well established and growing. This new landmark agreement represents a step forward in PIF’s work in making the Saudi investment and asset management market more internationally diverse and more dynamic.”
As Saudi Arabia continues to transform its economy, BRIM will seek to support foreign institutional investment into the Kingdom and further enhance the Saudi asset management industry, broadening local capital markets while driving investor diversification across asset classes, facilitating knowledge sharing and the development of Saudi-based asset management talent.
BRIM will be fully integrated with BlackRock’s investment capabilities and operating platform, benefiting from global market expertise.
The non-binding memorandum is subject to satisfying certain necessary conditions, regulatory approvals, and fulfilling specified milestones.


Hospitality brands sign deals to expand in Saudi market

Updated 30 April 2024
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Hospitality brands sign deals to expand in Saudi market

RIYADH: Top hospitality brands signed deals at the Future Hospitality Summit in Riyadh to capitalize on the opportunities available in the Kingdom.

France-based Accor Group said it will strengthen its position in the Kingdom with the addition of more than 25,000 rooms and the launch of a wide variety of brands.

The global hospitality group also recently launched Accor One Living, an initiative offering specialized knowledge in mixed-use and branded residential development.

Ladun Investment Co. signed an agreement with Cheval Collection. The partnership encompasses multiple contracts for the construction and operation of Cheval Ladun Living, which is a hotel apartment tower located on King Fahd Road, near the King Abdullah Financial Center in Riyadh.

The deal represents Cheval Collection’s inaugural project in Saudi Arabia, featuring 130 residential units of varying sizes, from one to three rooms, alongside amenities like a gym, a swimming pool, and a sauna.

The project’s construction is scheduled to begin this year and will be completed in 2027.

Marriott International, Inc. and Al Qimmah Hospitality, a subsidiary of BinDawood Trading, signed an agreement to bring the JW Marriott brand to Jeddah.

Located on the Jeddah Corniche, the hotel is expected to become a prime destination for luxury-seeking travelers who desire a waterfront escape.

“The signing of JW Marriott Hotel Jeddah continues to reflect the strong growth opportunities for our luxury brands across the Kingdom. As part of the country’s Vision 2030 framework, Jeddah continues to build itself as a leisure and business destination,” Chadi Hauch, regional vice president of Marriott International, development of the Middle East, said in a press statement.

On behalf of Al Qimmah Hospitality, Abdul Razzaq BinDawood commented: “We will leverage our expertise and experience in the retail and hospitality sectors to make JW Marriott Hotel Jeddah a successful addition to the city’s landscape.” 

Baheej Tourism Development Co., a joint venture between ASFAR, the Saudi tourism investment company owned by the Public Investment Fund, and the Tamimi-AWN Alliance, signed a deal with Kerten Hospitality.

The agreement grants Kerten Hospitality management of Baheej’s hotel in Yanbu under the premium Cloud 7 brand.

Cloud 7 is an innovative hotel and residential lifestyle brand, recognized for its designs, check-in lobbies, healthy food options, and retail boutiques.

“Baheej’s collaboration with Kerten Hospitality underlines our core principle: empowering partners and subsidiaries through our expansive network,” Fahad bin Mushayt, CEO of ASFAR said.

The PIF-owned company also signed agreements with Mantis and KMC to manage the operations of Al Baha Mountain Lodge & Adventure Park.