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Japanese retailer Aeon to invest $180m in first Myanmar mall

Group ahead of global peers in foray into underserved SE Asian market

Designs for the first Aeon Mall in Yangon, Myanmar, construction on which is due to begin in 2021.

YANGON/TOKYO -- Japanese retail group Aeon said Tuesday it would build a large commercial facility in Yangon, the biggest city in Myanmar, with an investment of $180 million, marking its first market entry into the Southeast Asian nation.

The Aeon Mall shopping complex would be built on a 72,000 sq. meter site within 30 minutes' drive of central Yangon, Aeon said. Construction of the facility will begin in the first half of 2021 with the aim of opening in 2023.

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