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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.

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