SHAH ALAM – The Selangor International Business Summit (SIBS) 2018 that is being held between 6 to 16 September will be the largest business conference ever organized, in the country.
Investments, Industry & Trade, Small and Medium Industries (SMI) Exco, Dato’ Teng Chang Khim said SIBS 2018 was organized by the State Government through Invest Selangor Berhad (Invest Selangor) for the second year, this time targeting a better participation rate with a transaction value of about RM250 million .
“Last year, SIBS recorded the participation of approximately 22,000 visitors with a total transaction value of about RM204 million.With this success, we are aiming for better participation of about 25,000 visitors with transaction value of around RM250 million. It will be the largest business conference ever organized by a State Government, in Malaysia,” said Dato’ Teng in a press conference, at Invest Selangor.
SIBS 2018 will be held at the Malaysia International Trade and Exhibition Center (MITEC), Kuala Lumpur, comprising of three events namely the Selangor ASEAN Business Conference 2018 (Sept 6 and 7); Selangor International Expo (September 6 to 9) and the Selangor Digital Economy & Smart City Convention (September 13 to 15).
Dato’ Teng says it involves 60 per cent of investors and domestic entrepreneurs and 40 per cent of internationals.
He says the participation of local and international investors and entrepreneurs in SIBS 2018 was the best combination in making Selangor an international trade hub.
“The idea for this purpose has been implemented over the past four years through the Selangor International Expo with the State Government which has been successful in achieving. We are confident that SIBS will be among the key events in the region, in the future,” he says.
According to Dato’ Teng, through the SIBS 2018, investors and traders will showcase their products to the outside world, ASEAN, Europe and Africa.
Also present were SIBS 2018 Project Director, Sven Schneider and Chief Executive Officer of Menteri Besar Selangor (Incorporated), Raja Shahreen Raja Othman.
