Cambodia yesterday unveiled draft roadmaps for the development of automotive and electronics sectors in the country, the Council for the Development of Cambodia (CDC), said in a statement.
Drafted by the CDC and relevant ministries, the roadmaps were discussed with investors and industry stakeholders yesterday, to seek their views and feedback before being submitted to the government for final endorsement, the statement said.
Speaking at the event, CDC’s secretary general, Sok Chenda Sophea, said, the successful implementation of the sector roadmaps could generate significant impact for Cambodia.
“Taken together, the two sectors could see an uplift in exports of over two billion U.S. dollars, and the creation of over 22,000 new jobs, over the next five years, and increased opportunities for small and medium enterprises in these sectors,” he said.
The automotive and electronics sectors have been identified as priority sectors to develop, for Cambodia’s economic recovery from the COVID-19 pandemic and longer term economic growth, modernisation and diversification, in line with Cambodia’s Industrial Development Policy 2015-2025, and a three-year (2021-2023) plan, for post-COVID-19 economic recovery.
Source: NAM News Network