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US$60M Mega Mall rising at Chateau Margot
– completion in 18 months
(Kaieteur News) – ANSA McAL Distribution Inc., in collaboration with the Government of Guyana, will construct a US$60 million shopping and recreational mall within the compound of the historic Chateau Margot Chimney on the East Coast of Demerara.
Sod-turning of the Chateau Margot mall
The sod-turning ceremony for the project was held on Friday and was attended by President Irfaan Ali, members of the cabinet, and partners of ANSA McAL. The state-of-the-art facility, which will span 110,000 square feet, is expected to be completed within 15 to 18 months.
Delivering the feature address, President Ali described the project as a major boost for economic and social development along the East Coast corridor. He emphasised that the investment will generate jobs, attract local and international visitors, and redefine the area’s landscape.
“One of our mottos is to redefine the landscape, and this investment will redefine our landscape on the east coast,” the president said. “ANSA McAL has done its homework and its studies; they will not build a mall that will not in years ahead hold significant returns. This is not a charity project. This project is through a forward-looking investment that recognising Guyana is going places and ANSA McAL would like to be a part of this journey. The decision to build is a vote of confidence in our people, in our economy and in a bright future that lies ahead for this region and for Guyana as a whole. ANSA McAL has done its research and due diligence.”
The president noted that the mall represents more than a commercial venture. He stated that it will serve as a modern community hub. “The mall brings together multiple businesses, creates jobs during construction and operation, stimulates surrounding businesses, attracts new services, and provides a space for relaxation, shopping, dining, and spend time with family and friends while all at the same time, adding tourism product of our country. It is a modern market place,” he said.
President Ali also highlighted the transformation taking place on the East Coast of Demerara, which he said is rapidly evolving from a rural area into a hub of national development. “Decades ago, most of the east coast was considered rural Guyana, but that has changed and continues to change rapidly. The east coast is now poised to become a major axis of national development,” he stated.
Meanwhile, Chairman of ANSA McAL, Mr. Anthony Sabga, reaffirmed the company’s commitment to preserving the Chateau Margot Chimney as part of Guyana’s heritage and ensuring that the development provides employment opportunities for locals.
“This project is a testament to what regional expertise and local collaboration can achieve — creating spaces that enhance the lives of both tenants and customers. Chateau Margot is special because it stands as a bridge between Guyana’s rich heritage and its exciting future. We will preserve the chimney; it is iconic, and we respect what it stands for,” Sabga said.
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One thought on “US$60M Mega Mall rising at Chateau Margot”
THE BLUNT OF THE DAY
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Sir. Ronald Sanders
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Another Mall ? OK, Guyana just has to divert people/traffic from EB, WB, WC
GT corridors, to EC, by the Chateau Margot.
Besides, they will have to import people from Venezuela, the Caribbean (Caricom) countries to sustain another Mall. It’s a new fad-in time, people
will just consider it as normal.