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Pyongyang Building Boom Means Gaddafi Could Retire in Style

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Speculation is rife over where Muammar Gaddafi will live out his days in exile.

Some say he could be granted political asylum in Nicaragua.

Others believe he may be heading to Venezuela, Saudi Arabia, or South Africa.

But no one's mentioned the one place the ex-Colonel would feel perfectly at home: Pyongyang.

A building boom in North Korea's capital city ensures plenty of available 3BR, 2BA apartments -- with minutes, perhaps even hours of electricity and running water, every day!

From KCNA, the North Korean Central "News" Agency:

Construction Makes Rapid Progress in Mansudae Area of Pyongyang

Pyongyang, August 20 (KCNA) -- The construction is making rapid progress in the Mansudae area here.

The framework for nearly 1000 flats has been completed and work is now under way above 10-20 floors at an increasing number of housing projects.

Signal successes are reported from various construction sites. Groundwork of various public buildings and public catering establishments was completed and wall concrete tamping is making brisk headway.

Soldier-builders are performing feats in the construction of apartment framework after completing vast groundwork for skyscraping apartment houses in a brief span of time.

The Construction Regiment of the Central Committee of the Kim Il Sung Socialist Youth League, the Ryongsan Construction Division and other units engaged in building skyscraping apartment houses are also registering successes.

The unit under the General Bureau of Capital Construction was the first finished. -0-

Skyscraping apartments, indeed -- those "soldier-builders" can really cobble together an almost inhabitable-looking concrete shell, can they not?

In June, Curtis Melvin's always-fascinating North Korean Economy Watch brought us details of the project, via, naturally, KCNA:

Pyongyang, June 3 (KCNA) -- There started the project to build on the best level the Mansudae area in Pyongyang where President Kim Il Sung's statue stands in the run-up to the centenary of his birth.

A monumental edifice, high-rise apartment houses, skyscraping buildings, public buildings and cultural and service facilities will appear as required by the new century in the vast area covering dozens of hectares where its old appearance will be no longer to be seen.

The houses will have de luxe flats which will meet the cultural need of Pyongyangites.

When the construction of the Mansudae area completed, it will best match the monumental edifices including the Chollima Statue, the Tower of the Juche Idea, the Monument to Party Founding, the Grand People's Study House and the Moranbong Theater and structures in the era of the Workers' Party including An Sang Thaek, An Sang Thaek Street, Munsu, Mansudae and Changwang streets. This will change the appearance of the capital city beyond recognition.

Of the buildings, Dear Leader Kim Jong Il said, “Construction in Pyongyang is not simply an issue of operational economics regarding the formation of roads and construction of homes, it is an important political issue related to the prestige of Socialist Chosun and dignity of the Kim Il Sung Motherland.”

If the new development is half as luxurious as the residences currently dotting the Pyongyang skyline, decor-conscious North Koreans (and possibly the good Colonel) will be living in style:

Why not give it a shot, Muammar? All your dental needs will be looked after -- on Monday, KCNA announced the invention of "a new dental correction device" created by the folks over at the Pyongyang Medical College of Kim Il Sung University:

He could even share a flight home with the North Koreans currently stuck in Libya -- if they're permitted to return.

From today's Yonhap news:

More than 200 North Koreans are still working in Libya, an official said Wednesday, despite ongoing violence between rebels and forces loyal to Libyan leader Moammar Gadhafi.

"Some 200 North Koreans are working in Libya as doctors, nurses and construction workers, and it appears that they haven't returned home yet," the official said on condition of anonymity.


A source familiar with North Korean affairs told Yonhap News Agency in April that Pyongyang ordered its people in the North African nation not to return home, apparently out of fear that they may spread news of anti-government uprisings across the Middle East.

If you're reading this, Mr. G -- and we know you're an ardent follower of Minyanville -- why not head for the only country run by someone more deranged than you?

We hear there's an opening for carnies at the Mangyongdae Fun Fair:

Flickr: Bryan Hughes
POSITION:  No positions in stocks mentioned.