With a lot of drumrolls Regal Investment last year announced their MegaMall shopping mall project, a billion Dollar investment. The five floor building is meant to be located close to the airport.
When I went there a few days ago, I could only see a fence and a office building what seems to be the sales office.
MegaMall is planned to open 2013, however, no construction has started yet. When I lived in Cambodia 5 years ago, Korean investors started the Golden Tower project. I predicted it will never be finished, because the market was not ready for a big project like this. Until now it is unfinished.
My concern is that the Megamall will have the same faith. If your concept for a mall is to sell the shops without taking care of what product mix you have, you attract only small retailers, and they are not able to pay the whole investment. Premium brands are not entering Laos yet with outlets or retail stores because the market is too small. So let's wait until we see the first construction workers - I doubt it will happen this year.