Cambodia is stepping onto the global stage with a renewed message of confidence, openness, and commitment to long term economic growth. In his first international television interview with Bloomberg, Prime Minister Hun Manet addressed one of the world’s biggest concerns about Cambodia, the fight against transnational online scam networks, while reassuring international investors that the Kingdom remains committed to protecting legitimate businesses and strengthening its investment climate.

The exclusive interview, broadcast from Phnom Penh, comes at a time when Cambodia is facing increased international attention over online crime, regional security, and economic competitiveness.

Rather than focusing solely on security challenges, the Prime Minister used the opportunity to present Cambodia’s broader vision of becoming a safe, reliable, and attractive destination for foreign investment. His message was directed not only at governments but also at multinational companies, investors, manufacturers, and the global business community looking for new opportunities in Southeast Asia.

A Global Platform to Share Cambodia’s Vision

The Bloomberg interview marked Prime Minister Hun Manet’s first international television appearance since taking office, giving Cambodia an opportunity to communicate directly with a worldwide audience of business leaders, policymakers, investors, and financial institutions.

During the interview, Prime Minister Hun Manet reaffirmed Cambodia’s commitment to maintaining political stability, strengthening the rule of law, and creating a secure and attractive destination for businesses and investors while addressing emerging regional challenges.

His appearance on Bloomberg also reflected Cambodia’s growing willingness to engage with international media and explain its policies directly to the global investment community.

Online Scam Networks Are a Global Challenge

One of the interview’s central topics was Cambodia’s campaign against transnational online scam operations.

Prime Minister Hun Manet explained that these criminal organizations are becoming increasingly sophisticated and operate across multiple countries rather than within one nation alone. He stressed that online scams should not be viewed as a problem belonging to a single country because criminal networks target victims worldwide.

He emphasized that no nation can solve this challenge independently and called for stronger international cooperation regardless of political differences.

“The cooperation to tackle common issues go well beyond geopolitics.”

He added that criminal organizations seek financial gain wherever opportunities exist.

“Network, criminal network can attack countries that they don’t have alignment with political.”

“They can attack both US and China at the same time for the benefit of money from scam operation or drug operation.”

His remarks highlighted Cambodia’s position that international collaboration should take priority over geopolitical competition when combating organized crime.

Protecting Cambodia’s Special Economic Zones

The interview also addressed concerns raised in a recent United Nations report suggesting that criminal organizations have adopted increasingly sophisticated corporate structures and may attempt to exploit Special Economic Zones in parts of Southeast Asia.

Responding to these concerns, Prime Minister Hun Manet assured international audiences that Cambodia has already taken preventive measures.

He explained that security agencies, local authorities, and agencies responsible for overseeing Special Economic Zones have received clear instructions to ensure these investment areas are never used to facilitate criminal activities.

“We have learned from experience from other countries.”

He further warned that any Special Economic Zone found protecting criminal activity would face legal consequences without exception.

“If any SEZ is found to be covering for criminals they will be liable just to the law.”

The Prime Minister also noted that, so far, authorities have found no evidence that Cambodia’s Special Economic Zones have been used in this way, while emphasizing that the government remains vigilant and continues monitoring the situation closely.

Investment Remains Cambodia’s Priority

Beyond discussing security, Prime Minister Hun Manet consistently returned the conversation to Cambodia’s long term economic goals.

He emphasized that Special Economic Zones remain one of Cambodia’s strongest engines for attracting foreign direct investment across manufacturing, logistics, technology, and other industries.

The government, he said, remains committed to expanding business opportunities while ensuring that investment zones operate under strong governance and the rule of law.

“We continue to attract more investment and expansion of the business both in the SEZ and outside SEZ.”

The message was clear. Cambodia intends to strengthen law enforcement while maintaining an open, predictable, and business friendly investment environment that supports sustainable economic growth.

A Commitment That Matters to Investors

For international investors, stability and confidence are just as important as investment incentives.

By publicly reaffirming Cambodia’s commitment to fighting organized crime while protecting legitimate businesses, the Prime Minister sought to reassure companies already operating in Cambodia as well as those considering future investments.

He stressed that Cambodia will continue strengthening enforcement efforts until online scam operations can no longer find the country attractive.

“We will make Cambodia become an area that not easy or worth to stay for a scam online.”

“This is what our commitment and we will continue to do so.”

Such commitments send an important signal to manufacturers, logistics companies, technology firms, and multinational corporations that Cambodia is determined to improve its investment environment while safeguarding economic development.

Why This Interview Matters?

The significance of this Bloomberg interview extends well beyond the discussion of online scams.

Bloomberg is one of the world’s most influential financial news organizations, followed daily by global investors, multinational corporations, financial institutions, and policymakers. Appearing on such a platform allowed Cambodia to communicate directly with decision makers who influence investment flows around the world.

Instead of allowing international perceptions to be shaped solely by headlines, Cambodia used the interview to present its own narrative by highlighting ongoing reforms, international cooperation, and long term economic ambitions.

The interview also demonstrated a broader communication strategy by engaging transparently with global audiences and reinforcing Cambodia’s readiness to compete for international investment in an increasingly competitive region.

Looking Ahead

Cambodia continues investing in transport infrastructure, Special Economic Zones, logistics, manufacturing, digital transformation, and trade facilitation. Combined with stronger law enforcement and international cooperation, these efforts are designed to position the Kingdom as a trusted destination for global business.

For businesses and investors, the Prime Minister’s Bloomberg interview offered more than a response to current challenges. It delivered a message that Cambodia remains focused on creating a secure, stable, and competitive investment environment while working with international partners to tackle cross border crime.

As Cambodia continues to strengthen governance and attract quality investment, the interview marks another step in building confidence among global businesses looking toward Southeast Asia for future growth opportunities.

Cambodia is taking another major step toward becoming a regional logistics and trade hub as plans advance for a new air cargo and logistics center at Sihanoukville International Airport. On Wednesday, WorldBridge Group and Société Concessionnaire de l’Aéroport signed a memorandum of understanding to jointly study the development of the project, which aims to strengthen the country’s logistics network by connecting air and maritime transportation. The initiative supports Cambodia’s long term vision of improving supply chains, boosting trade, and expanding regional connectivity through modern infrastructure.

The proposed logistics hub is expected to transform Sihanoukville into a strategic gateway for regional and international freight movement. By integrating air cargo operations with the city’s growing maritime capabilities, Cambodia hopes to improve transport efficiency, attract new investment, and create more opportunities for businesses operating across Southeast Asia.

Partnership Marks a New Milestone for Cambodia

The memorandum of understanding establishes a framework for both partners to explore the feasibility of building a state of the art air cargo and logistics hub at Sihanoukville International Airport. The project is designed to integrate air and sea freight services into a seamless logistics network, allowing goods to move more efficiently between Cambodia and international markets.

Officials believe the development will strengthen national supply chains while supporting Cambodia’s ambition to become a competitive regional trade and logistics center. The collaboration also reflects growing confidence from private investors in the country’s infrastructure and long term economic prospects.

Government Sees Strong Economic Benefits

Dr. Mao Havannall, Minister in Charge of the State Secretariat of Civil Aviation, described the agreement as an important achievement in expanding Cambodia’s logistics infrastructure through private sector investment.

“This project represents another step in strengthening Cambodia’s supply chain, particularly by linking air cargo and maritime transport networks,” he said.

According to Havannall, the proposed logistics hub supports the Royal Government’s Pentagonal Strategy Phase I, which focuses on economic diversification, stronger competitiveness, and improved transportation connectivity. He noted that increasing private sector participation in civil aviation will help sustain economic growth, generate employment opportunities, and contribute to Cambodia’s broader socio economic development.

Government Pledges Full Support

Despite ongoing global economic uncertainty, the minister praised both WorldBridge Group and Société Concessionnaire de l’Aéroport for moving forward with the project and expressing confidence in Cambodia’s future.

“We stand ready to provide guidance to ensure air cargo transport develops sustainably, securely and safely while contributing to Cambodia’s economic development,” he said.

He also confirmed that the government will provide regulatory guidance and technical assistance throughout the feasibility study and future development process to ensure the project meets international standards for safety, sustainability, and operational efficiency.

Sihanoukville Strengthens Its Regional Role

Once completed, the new logistics hub is expected to significantly improve Cambodia’s freight transportation network by combining air cargo operations with maritime shipping services. This integrated approach will reduce transport times, improve supply chain reliability, and provide businesses with more efficient access to regional and global markets.

The project is also expected to reinforce Sihanoukville’s position as one of Cambodia’s most important economic gateways. As investment in ports, airports, and supporting infrastructure continues, the coastal city is increasingly becoming a key logistics center that connects Cambodia with international trade routes.

For additional project updates, readers may refer to the official announcements from Cambodia’s State Secretariat of Civil Aviation and WorldBridge Group.

Conclusion

The proposed air cargo and logistics hub at Sihanoukville International Airport represents another significant milestone in Cambodia’s infrastructure development. By integrating air and sea freight services, encouraging private investment, and improving transport connectivity, the project will strengthen national supply chains and enhance Cambodia’s competitiveness in regional trade. As the feasibility study moves forward, the initiative brings the Kingdom one step closer to establishing Sihanoukville as a leading logistics gateway in Southeast Asia.

Cambodia has introduced a major update to its condominium ownership registration system, making property ownership documents more accurate and investor friendly for foreigners. Announced by the Ministry of Land Management, Urban Planning and Construction, the new policy allows foreign owners’ names to appear on condominium title certificates in both Khmer script and the Latin alphabet. The reform is designed to reduce documentation errors, simplify identity verification, and strengthen confidence among international buyers looking to invest in Cambodia’s growing real estate market.

The change comes as Cambodia continues to modernize its property registration framework and attract more regional and global investment. By matching ownership records with the exact spelling shown on passport documents, the government aims to improve administrative efficiency, increase transparency, and provide foreign property owners with greater confidence throughout the buying and ownership process.

Bilingual Condo Titles Mark a Major Reform

Under the new registration system, foreign property owners will have their names displayed in Khmer as required by Cambodian law while also appearing in Latin characters exactly as written in their passports. This simple but significant change helps eliminate inconsistencies that previously occurred during the translation of foreign names into Khmer.

In the past, foreign buyers often experienced differences between the spelling on their passports and the names recorded on their ownership certificates. Although the transliteration process complied with local regulations, it sometimes created confusion during legal procedures, banking transactions, or future property transfers. The bilingual format is expected to resolve these issues while improving the accuracy of official records.

Improving Accuracy and Efficiency

According to the Ministry of Land Management, Urban Planning and Construction, the updated title certificate system will simplify identity verification and reduce administrative complications. Matching ownership documents directly with passport information minimizes translation related discrepancies and creates a more reliable registration process.

The ministry also noted that the reform will benefit cadastral officials by reducing translation errors during document preparation. This improvement is expected to make Cambodia’s land registration system more efficient while ensuring greater consistency across ownership records.

Supporting Foreign Property Investment

The new policy applies to privately owned units within co owned buildings, including condominiums where foreign ownership is legally permitted under Cambodian law. The reform reflects the government’s continued commitment to creating a more transparent and internationally competitive real estate environment.

Cambodia allows foreigners to legally own strata titled condominium units located above the ground floor. However, under the Law on Foreign Ownership, foreign nationals are still prohibited from owning land directly or purchasing ground floor condominium units. The updated ownership certificate does not change these legal restrictions but makes the registration process more straightforward for eligible buyers.

Building Greater Confidence in Cambodia’s Property Market

The introduction of bilingual ownership certificates is another step toward modernizing Cambodia’s property administration system. By aligning legal documents with internationally recognized identification records, the government is making real estate transactions easier, faster, and more secure for overseas investors.

As Cambodia continues to attract foreign direct investment into its real estate sector, the improved title certificate format is expected to strengthen the Kingdom’s reputation as an attractive destination for international property buyers. Greater accuracy, transparency, and administrative efficiency will likely encourage more long term investment while supporting sustainable growth across the property market.

Conclusion

Cambodia’s decision to include foreign owners’ names in both Khmer and the Latin alphabet on condominium title certificates represents an important step toward a more transparent and investor friendly property market. The reform reduces documentation errors, simplifies ownership verification, and aligns property records with international standards. As the country continues to modernize its legal and administrative systems, these improvements are expected to boost investor confidence and reinforce Cambodia’s position as an increasingly attractive destination for foreign real estate investment.

The shift reflects a broader transformation in the Kingdom’s investment landscape. Government data shows rising investment in technology, innovation, digital infrastructure and clean energy, while large scale factory investment and employment continue to grow. By strengthening education, technical training and digital readiness, Cambodia aims to move further up regional and global value chains and support its long term goal of becoming a high income economy by 2050.

Investors Are Looking Beyond Traditional Industries

Prime Minister Hun Manet said Cambodia is attracting a growing number of projects focused on advanced manufacturing and emerging technologies. During recent meetings with international business leaders, he noted strong interest in electrical equipment manufacturing and artificial intelligence related investments.

“Investors no longer come to seek land for low-yield agriculture or basic manual work. They are now discussing modern industrial equipment manufacturing, electrical technology and AI training,” PM Hun Manet said.

According to the Prime Minister, this change signals that Cambodia’s workforce is becoming more technically capable and better prepared to support industries that require specialized skills. He added that the country’s participation in international organizations makes human resource development increasingly important for maintaining competitiveness and achieving sustainable growth.

Cambodia’s Industrial Transformation Accelerates

The Ministry of Industry, Science, Technology and Innovation reported that Cambodia had 3,319 large scale operating factories as of June, with total investment reaching approximately $27.8 billion, a 25 percent increase compared with the same period last year.

Industry Minister Hem Vanndy said the country is moving away from competing mainly on low production costs and is instead building an industrial model driven by technology, innovation, productivity and quality. This transition, he said, is helping local industries integrate more deeply into regional and global supply chains.

He described Cambodia’s industrial development as entering a new phase marked by growth in factories, investment, employment and industrial output, reflecting strong investor confidence in the Kingdom’s long term economic prospects.

TVET Seen as Key to Investment Competitiveness

Business leaders also emphasized the importance of technical and vocational education and training. Lim Heng, Vice President of the Cambodia Chamber of Commerce, said TVET is essential for strengthening Cambodia’s position as an attractive investment destination.

“Developing a skilled workforce is essential to attracting quality foreign investment.”

He said the diversification of Cambodia’s industrial base demonstrates the success of the government’s Industrial Development Policy 2015–2025, which helped transform the economy from a labor intensive model into one that is increasingly skill based and technology driven.

New Industrial Development Policy Takes Shape

The government is now preparing the Industrial Development Policy 2026–2035, which is currently undergoing stakeholder consultations and inter ministerial review before final approval.

The new policy aims to accelerate Cambodia’s transition toward a high tech, innovation led and skills driven economy capable of adapting to rapid domestic and global changes.

Ministry of Economy and Finance Secretary of State Hean Sahib said the new framework is necessary to respond to the evolving structure of Cambodia’s industrial sector and changing regional and global trends.

Technology, Clean Energy and Advanced Manufacturing Gain Momentum

Historically, Cambodia relied heavily on garments, agriculture and tourism. Today, the country is increasingly promoting sectors such as electronic and electric devices, automotive assembly, advanced manufacturing, digital infrastructure and clean energy.

Data from the Council for the Development of Cambodia shows that $4.7 billion in fixed asset investment projects were approved during the first half of 2026. The 276 approved projects are expected to create approximately 160,000 jobs.

These projects include special economic zones, renewable energy developments, an electric vehicle assembly plant, a motorcycle factory, a tyre manufacturing facility, a five star hotel and livestock farming operations.

Human Resource Development Remains a National Priority

The government continues to invest heavily in education and vocational training under the Pentagonal Strategy – Phase I. Through the Ministry of Labour and Vocational Training’s “TVET 1.5M” programme, eligible vulnerable youths receive free vocational training and a monthly stipend of 280,000 riel.

More than 270,000 young people had enrolled in the programme by June, according to the ministry.

Prime Minister Hun Manet also highlighted Cambodia’s role as a founding member of the World Artificial Intelligence Cooperation Organization, saying the platform is intended to promote international cooperation in AI development rather than geopolitical competition.

“Our human resources must continue narrowing the skills gap and strengthening their competitiveness,” the Prime Minister added.

Conclusion

Cambodia is making a deliberate shift from a labor intensive economy toward a technology and innovation driven industrial model. By investing in education, technical training and digital skills, the government aims to attract premium foreign investment in advanced manufacturing, artificial intelligence, renewable energy and other high value sectors. The growing number of factories, rising investment approvals and expanding TVET programmes suggest that Cambodia is building the skilled workforce needed to compete in the regional and global economy and support its long term ambition of becoming a high income country by 2050.

Cambodia is reinforcing its commitment to protecting foreign investment and strengthening its financial resilience as government leaders, banking executives, and global investment experts gathered in Phnom Penh for the second NBC Global Financial Market Forum 2026. Held at the Hyatt Regency Phnom Penh on Monday, the forum focused on helping businesses navigate growing uncertainty in global financial markets while identifying new investment opportunities. The event reflects Cambodia’s broader strategy to build a stronger financial system that supports sustainable economic growth and maintains investor confidence.

Organized by the National Bank of Cambodia under the theme “Navigating Market Turbulence: Repricing Risk & Capturing Opportunity,” the forum brought together policymakers, financial institutions, international asset managers, and investment specialists to discuss how global economic shifts are reshaping investment decisions. Participants explored practical strategies that can help businesses manage financial risks while positioning Cambodia as an attractive destination for long term investment.

Cambodia Reinforces Financial Stability

The National Bank of Cambodia reaffirmed its commitment to strengthening the country’s financial sector by creating a more resilient framework capable of withstanding global economic uncertainty. As Cambodia becomes increasingly connected with regional and international markets, policymakers recognize that financial stability is essential for attracting quality investment and supporting long term economic development.

The forum was presided over by NBC Governor Chea Serey and attended by Cambodia Chamber of Commerce President and Chairman of the Private Sector Working Group under the Government Private Sector Forum, Kith Meng. Their participation highlighted the importance of close cooperation between the public and private sectors in building a stronger and more competitive financial ecosystem.

Global Challenges Are Reshaping Investment Decisions

A major focus of the discussions was the growing volatility in international financial markets. Participants examined how geopolitical tensions, changing monetary policies, and ongoing global trade disputes continue to influence investment flows, financial risks, and business confidence around the world.

Experts explained that these global developments have changed the way investors evaluate opportunities and price risk. Businesses operating in today’s interconnected economy must become more adaptable by strengthening financial planning, improving risk management, and responding quickly to changing market conditions.

Preparing Businesses for Market Uncertainty

The forum also explored the broader economic effects of international trade conflicts and emphasized the importance of adopting sound financial strategies that help businesses remain resilient during periods of uncertainty.

Speakers agreed that understanding rapidly changing market conditions is becoming increasingly important for investors, financial institutions, and companies seeking sustainable growth. Strong financial frameworks not only reduce exposure to external shocks but also create greater confidence among investors looking for stable and predictable markets.

International Experts Share Global Investment Insights

The event featured investment specialists from several leading global financial institutions, including BNP Paribas Asset Management, J.P. Morgan Asset Management, and BNY Investments. Their participation provided Cambodian policymakers and financial leaders with valuable perspectives on international investment trends, portfolio management, and emerging opportunities across global markets.

By learning from international experience, Cambodian financial institutions can strengthen their ability to manage risk while expanding access to new sources of investment capital. The exchange of practical knowledge also supports Cambodia’s ambition to modernize its financial sector and improve its competitiveness within the region.

Public and Private Sectors Work Together

Participants emphasized that collaboration between government institutions and the private sector remains essential for maintaining financial stability. Strong partnerships help businesses respond more effectively to external economic challenges while supporting investor confidence and sustainable growth.

The NBC Global Financial Market Forum continues to serve as an important platform where policymakers, financial institutions, and business leaders can exchange ideas, assess emerging risks, and develop strategies that strengthen Cambodia’s economy. Continued dialogue and cooperation will play an important role in helping the country navigate future financial challenges while attracting greater international investment.

Conclusion

As global financial markets become more unpredictable, Cambodia is taking proactive steps to strengthen its financial resilience and protect both domestic and foreign investment. Through stronger policy frameworks, international cooperation, and knowledge sharing with leading financial experts, the country is building a more stable investment environment. These efforts are expected to enhance investor confidence, support sustainable economic growth, and reinforce Cambodia’s position as an increasingly attractive destination for international business.

Takeo province is preparing for one of its biggest waves of foreign investment as a delegation of 35 companies from Zhejiang Province, China, plans to invest approximately $1 billion in new development projects. Announced during a meeting between provincial leaders and Chinese business representatives on Saturday, the proposed investments are expected to expand the province’s industrial base, create tens of thousands of jobs, and strengthen Cambodia’s position as an emerging manufacturing and investment destination. The initiative reflects growing confidence in Takeo’s economic potential, supported by improving infrastructure, government reforms, and an increasingly business friendly environment.

The planned investment comes at a time when Cambodia is accelerating efforts to attract higher quality industries while navigating a challenging global economy. Provincial authorities say the projects will not only increase production capacity but also promote technology transfer, workforce development, and sustainable long term economic growth that benefits local communities.

Chinese Companies Eye Major Expansion in Takeo

Takeo province has attracted the attention of 35 leading companies from Zhejiang Province, China, which are exploring investment opportunities valued at around $1 billion. The announcement was made during a meeting between Takeo Provincial Governor Vei Samnang and the visiting Chinese business delegation at the provincial administration headquarters.

The companies are considering investments across several strategic industries, including agriculture, agro industry, technology, electronic component manufacturing, and electrical equipment production. These sectors are expected to strengthen Cambodia’s industrial supply chain while creating new opportunities for local businesses and workers.

Provincial Government Pledges Full Support

Governor Vei Samnang welcomed the delegation and reaffirmed the provincial administration’s commitment to supporting investors throughout the project development process. He emphasized that Takeo remains ready to facilitate investment in accordance with Cambodia’s investment laws.

He said, “The provincial administration is always ready to facilitate all kinds of conditions for all investors who wish to invest in Takeo province in accordance with the investment law of Cambodia.”

Local officials believe the province has significant potential to attract more international investment thanks to its strategic location, improving infrastructure, and supportive investment policies. Authorities also expect the new projects to accelerate regional economic development.

Thousands of Jobs and New Skills Expected

According to the Takeo Provincial Administration, the proposed investment projects are expected to generate tens of thousands of new jobs while significantly increasing the province’s production capacity. The expansion is also expected to improve household incomes and create broader economic opportunities for local residents.

Beyond employment, the projects are expected to introduce modern technologies, strengthen industrial capabilities, and enhance workforce skills through knowledge transfer and training. These improvements will help prepare Cambodian workers for the country’s evolving labor market while supporting the government’s long term economic development strategy.

Takeo Emerges as a Fast Growing Industrial Hub

The latest investment interest builds on Takeo’s impressive industrial momentum. Earlier this year, data from the Council for the Development of Cambodia showed that factory investment in the province surged by 120 percent, making Takeo one of the country’s fastest growing industrial centers.

The continued arrival of international manufacturers demonstrates growing confidence in the province’s agricultural resources, industrial infrastructure, and political stability. Investors increasingly view Takeo as an attractive location for expanding production in Southeast Asia.

Cambodia Strengthens Its Investment Climate

Cambodia is continuing to implement reforms aimed at creating a more transparent, competitive, and investor friendly business environment. Government efforts include reducing bureaucracy, improving governance, expanding digital public services, and strengthening cooperation with the private sector.

These reforms have become even more important as global economic uncertainty continues to challenge export driven economies. Slower international demand, changing trade policies, rising energy costs, climate related risks, and weaker tourism have increased pressure on countries like Cambodia to improve domestic competitiveness.

Economic Reforms Remain Critical for Future Growth

The International Monetary Fund recently projected Cambodia’s economic growth to slow to 3 percent in 2026 from 5.3 percent in 2025 as global uncertainty continues to affect international markets. Experts believe continued structural reforms will play a vital role in strengthening Cambodia’s long term economic resilience.

Kenichiro Kashiwase, IMF Mission Chief for Cambodia, Asia and Pacific Department, highlighted the importance of maintaining reform momentum.

“Structural reforms should strengthen companies’ growth by improving business climate governance and rule of law, labour absorption, export diversification, energy security and efficiency, climate resilience, and data quality,” Kenichiro Kashiwase said during a press conference in Phnom Penh on June 08.

As Cambodia continues implementing the Pentagonal Strategy alongside infrastructure improvements and institutional reforms, the country is positioning itself as a resilient and competitive investment destination capable of attracting long term international investors.

Conclusion

The proposed $1 billion investment from Chinese companies marks another significant milestone in Takeo province’s rapid economic transformation. With major projects planned across manufacturing, technology, and agriculture, the province is well positioned to become one of Cambodia’s leading industrial centers. Combined with ongoing national reforms and infrastructure development, the investment highlights growing international confidence in Cambodia’s long term economic potential and its ambition to become a stronger regional manufacturing hub.