Construction of the multi-million-dollar Chateau Margot Mall has officially begun following a sod-turning ceremony on Friday, marking the start of a project expected to be completed within 15 to 18 months.
The 110,000-square-foot mall, located next to the iconic Chateau Margot chimney, is set to become a landmark of growth and opportunity for the East Coast corridor.
The project is being executed by Ansa McAL and is expected to provide a significant boost to the local economy. President Dr Irfaan Ali joined officials to turn the sod to mark the commencement of construction on Friday.
Managing Director of Ansa McAL Distribution Inc, Troy Cadogan said the mall will preserve the historic chimney while providing hundreds of construction and long-term jobs.
“For decades Ansa McAL has stood proudly in Guyana. This project is just another chapter in that legacy, reaffirming our commitment to being not just a business but a true partner in national development.
“This mall will not only transform the East Coast corridor into a hub of activity and opportunity but also demonstrate how the private sector can partner with businesses and communities to build a brighter, more prosperous Guyana,” Cadogan said.
The Chateau Margot Mall will feature a mix of retail, dining, and entertainment options, including more than 60 stores, food courts, office spaces, and convenient parking.
It is designed by internationally acclaimed architect Varchi. The development will also preserve the historic Chateau Margot chimney .
Chairman of Ansa McAl Group of Companies, Norman Sabga said the mall will allow the real estate sector to showcase its capabilities and provide new opportunities for business ventures aligned with Guyana’s future growth.
“Today is a milestone for both Ansa McAL and the communities around Chateau Margot. For us, this project allows the real estate sector to highlight its expertise.
“We envision a vibrant and exclusive environment that brings families together, one that promotes healthy social interaction and celebrations. By doing so, we aim to attract visitors, boost trade, and uplift economic activities,” Sabga said.
In his remarks, President Ali challenged Ansa McAL to leverage its regional distribution network to promote Guyanese products.
“The mall reflects a maturing economy where people have choices, where commerce is organised, and where local prices meet consumers’ demand. Ansa McAL has the greatest distribution footprint in the region. Your products are in every supermarket…Guyana has taken a deliberate decision to invest heavily in agro-processing and packaging.
“I challenge Ansa McAL today, with the support of Guyana Marketing Corporation, to distribute in every one of your supermarkets, Guyanese products,” President Ali said.
The mall will also include over 24,000 square foot of premium office suites and nearly 500 parking spaces, ensuring accessibility and convenience for visitors.
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