Japanese Retail Giant Postpones Myanmar Mall Project

Japanese Retail Giant Postpones Myanmar Mall Project

An Aeon mall in Phnom Penh, Cambodia. Shutterstock.

Aeon, which operates 142 malls in Japan, 21 in China and nine in Southeast Asia, has suspended work on what would have been Myanmar’s biggest shopping centre as a result of the violent coup that began in February, The Irrawaddy reports.

The retailer hasn’t disclosed when construction will resume on the $180 million project — the product of a joint venture between Aeon and local developer Shwe Taung Group, in which the companies planned to take 70 percent and 30 percent stakes, respectively.

According to The Irrawaddy, developers said that the five-story mall, which was originally scheduled to open its doors in 2023, would’ve spanned 111,480 square metres.

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