Prime Minister Hun Manet has unveiled an ambitious vision for Cambodia to emerge as a leading production hub for auto parts and electronic components. This strategic initiative aims to bolster the nation's exports to regional and global markets, propelling Cambodia towards greater socio-economic prosperity.

**Driving Industrial Development**

Addressing stakeholders at the inauguration of the new $36.8 million Toyota assembly plant in the Royal Group Phnom Penh Special Economic Zone, Hun Manet outlined the government's roadmap for industrial growth. This comprehensive plan encompasses five key areas: inter-institutional coordination, human resources and innovation, infrastructure development, trade facilitation, and improving the business and investment climate.

**Private Sector Partnership**

Hun Manet emphasized the pivotal role of private sector initiatives in driving industrial development and economic growth. The establishment of the Toyota assembly plant signifies a significant stride towards industrial modernization, offering skilled employment opportunities and fostering economic inclusivity.

**Strategic Alignment**

The Prime Minister underscored that this industrial strategy aligns with the Cambodia Industrial Development Policy 2015-2025. By transitioning to a skill-based industrial structure, Cambodia aims to enhance high value-added industries, supporting sustainable growth, job creation, increased income, and improved living standards.

**Empowering Cambodia's Future**

Hun Manet's vision for industrial growth reflects Cambodia's commitment to fostering a dynamic and resilient economy. By leveraging strategic partnerships, innovation, and infrastructure development, Cambodia is poised to emerge as a formidable player in the global industrial landscape.