Cambodia’s healthy economic growth rates of the last decade have led to
the rapid expansion of the urban middle class and the wealthy. These
people want to stay cool in the country’s tropical heat, and they have
the money to pay for it.
In addition, the growing numbers of tourists from cooler climes like
Europe may be willing to sweat as they scramble around the temples of
Angkor Wat, but they want plenty of refrigerated air back in their hotel
rooms.
Demand for air conditioning units in Cambodia has shot up recently and
is on an upward trajectory that appears to be here for the long haul.
“Cambodia’s economy is growing very fast and the demand of modern
equipment, especially air conditioning, is growing along with it,” said
Sok Pheng, chairman of IP Hybrid Air Con, a seller of air conditioners
in Cambodia.
To be continued....
Source: Economics Today, Issue 112, March 19-25
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