Gov’t to Build More Infrastructure for Automotive & Electronic Sectors

• 24 January 2023
• Local News
• 937 Views

The Cambodian government plans to build more infrastructure to promote investment in the automotive and electronics sectors,  according to the official road map for the development of the automotive and electronics sector discussed on 9 December. 

The roadmap identifies 20 key priority measures in five areas including 1. Strategies and institutional coordination 2. Human resources and innovation 3. Infrastructure 4. Trade facilitation and, 5. Business and investment environment. 

The government must develop two main infrastructures including electricity infrastructure, especially renewable energy, and transport and logistics infrastructure. 

In terms of transport and logistics,  Cambodia will continue to invest in both national and cross-border transport systems and more importantly strengthen rules and regulations to make the transportation sector more efficient and cost-effective. 

The government will also redo the electricity infrastructure investment plan, review electricity tariffs and supply stability, and amend physical infrastructure development plans. 

Through the launch of this roadmap, Cambodia expects to increase its export volume in the automotive sector by about US$500 million and in the electronics sector by about US$1.6 billion by 2027. 

This will also create about 10,000 new jobs in the automotive sector and about 16,000 in the electronics sector by 2027. 

• Road and Infrastructure