Kingdom ‘needs tech upgrade’

The Kingdom must tap into the potential of innovative technologies to upgrade and diversify its economy if it wants to become an upper-middle income country by 2030 and high-income country by 2050, the latest report from UN Development Programme (UNDP) Cambodia said.

The report, entitled Adaptation and Adoption of Industry 4.0 in Cambodia, was prepared by UK-based Policy Links – the not-for-profit knowledge transfer unit of Centre for Science, Technology & Innovation Policy (CSTI), University of Cambridge – for UNDP Cambodia and was officially launched on Tuesday.

It pointed out that Cambodia has made crucial progress, with the economy growing more than seven per cent annually since 2011 and the share of people living in poverty more than halving in the last decade.

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