Daikin Sets up AC Sales Company in Cambodia

Cambodia: Daikin Air Conditioning (Cambodia) Co., Ltd. is established by Daikin Industries, Ltd. and is expected to begin operations in January 2024. Asia's growing population and predominantly tropical environment make it a booming market with a high need for air conditioning.

Among the Asian nations, Cambodia is predicted to have one of the highest GDP growth rates—6% in 2024—due to its advantageous placement on the Southern Economic Corridor, which runs through the southern portion of the Indochina Peninsula. Cambodia's population is likewise youthful, with an average age in the middle of their twenties. A new investment law was passed in 2021 in an effort to draw in both foreign and domestic capital. Future economic growth is anticipated, along with the expansion of real estate development, including resorts and auto-related businesses.

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