KUALA LUMPUR: Invest Selangor Berhad officially kicked off the second edition of the Selangor International Business Summit (SIBS) Series today at Malaysia International Trade and Exhibition Centre (MITEC).
The 10-day summit will be held from the 6th to the 16th of September featuring three main events, the ‘4th Edition of Selangor International Expo’, the ‘2nd Edition of Selangor ASEAN Business Conference’ and the ‘Selangor Smart City and Digital Economy Convention 2018′.
The ceremony was also attended by Dato’ Menteri Besar of Selangor Amirudin Shari and graced by His Royal Highness Tengku Amir Shah ibni Sultan Sharafuddin Idris Shah Al-Haj, The Raja Muda of Selangor who also paid a visit to the exhibition booths at the Selangor International Expo 2018.
Dato’ Teng Chang Khim, Executive Councillor of the State Government of Selangor said during the official opening ceremony earlier that the Gateway to ASEAN and an aspiring Global Trading Hub, Selangor is a significant centre-point for domestic and international business that would like to build or strengthen their presence in ASEAN and SIBS is the perfect platform to do just that.
He added that the summit allowed for local and foreign multinational corporations, small and medium enterprises and entrepreneurs operating in the F&B industry to showcase their products and services, and act as a strategic avenue for marketing, collaborations and partnerships, while providing exposure and information on the latest technological developments globally.
Following its astounding success in 2017, which saw a total of 22,000 visitors and generated RM204.2 million in transaction value, SIBS has received support from MBI Selangor as Co-Organisers and MATRADE as an Endorsing Partner.
In his keynote speech, Amirudin said that the success of the summit in 2017 has strengthened Malaysia’s profile on the global map as one of the most important business partners in the ASEAN region.
“I believe the summit has successfully positioned Selangor as a solid trading platform where the community is able to gather with a common purpose, to do business, all in one place, Selangor, the Gateway to ASEAN,” he said.
He added that the Golden State of Selangor has proven itself time and again, to be a formidable bastion of economic prowess and progress in a Malaysia. As of 2017, Selangor singularly contributed a massive RM270 billion, or, 23% to the national GDP, with a high annual GDP growth rate of 7.1%.
The official launch was followed by an exhibition tour of Selangor International Expo 2018.
With a total exhibition space of approximately 11,000sqm; the expo has attracted a mix of 60% domestic and 40% international F&B brands and features unique business matching offerings for local and international buyers, sighting a diverse mix of exhibitors from Malaysia, Singapore, Philippines, Laos, Indonesia, Vietnam, Brunei, Thailand, India, Africa, Egypt, Netherlands, Germany, New Zealand, Spain, Italy, England, Finland, Iran and Taiwan as well as the European Union.
The conference component of the summit, Selangor ASEAN Business Conference 2018 also kicked off with a lunch plenary session featuring Dr. One Kian Ming, Deputy Minister of International Trade and Industry (MITI) who delivered a keynote address on the topic “Future of Malaysia in ASEAN”.
The conference will continue tomorrow and feature a second lunch plenary session featuring Dato’ Seri Mohamed Azmin Ali, Minister of Economic Affairs, who will deliver a keynote address on the topic “Economic Aspirations of Malaysian in ASEAN”.
