ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Iconsiam, which opened to the public on Nov. 10, is situated on the west bank of the Chao Phraya River. (Photo by Akira Kodaka)
Company in focus

Bangkok's $1.6bn megamall: Masterstroke or white elephant?

Siam Piwat's Iconsiam joins crowded field facing e-commerce and tourism headwinds

MASAYUKI YUDA, Nikkei staff writer | Thailand

BANGKOK -- The newest megamall in Bangkok is also the biggest. The retail space at Iconsiam, which opened to the public on Nov. 10 on the west bank of the Chao Phraya River, is more than twice the gross floor area of New York's Empire State Building.

One big potential problem: The Thai capital is already packed with large shopping centers facing gathering headwinds.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more