By Ashwin Kumar
SHAH ALAM, March 4 — The fourth Selangor International Business Summit (SIBS) will be held from October 14 to 17 this year and is expected to attract more than 40,000 trade visitors.
The four-day summit will be held at the Kuala Lumpur Convention Centre (KLCC) in Kuala Lumpur and will showcase a diverse range of international products and services, as the event will be hosting over 850 local and international booths.
Selangor Investment, Industry and Trade, Small and Medium Industries Committee chairman Datuk Teng Chang Khim said the summit will include four components, namely the 6th Selangor International Expo (SIE), the 2nd Selangor Research and Development (R&D) and Innovation Expo (SRIE), the 4th Selangor-Asean Business Conference (SABC), and the 5th Selangor Smart City and Digital Economy Convention (SDEC).
“The 6th SIE will continue to be the biggest component of SIBS 2020. For this year’s edition, the SIE will expand its international buyers’ programme from 141 buyers in 2019 to 300 from all over the world that are looking to expand their Food and Beverages (F&B) products sourcing Asean,” he told a media conference after attending the pocket talk on F&B Industry event here today.
Among the main highlights of the 6th SIE are, Malaysia International Tea and Coffee Expo, Selangor International Culinary Festival and Selangor International Halal Conference, he said.
Teng then explained that the second component of SIBS, SABC 2020 is expected to be equally interesting with the gathering of economic players from several countries including high-profile business leaders, trade-related associations and international investors.
“SABC 2020 aims to strengthen ties between Asean and non-Asean companies by providing valuable updates and guidance on business expansion into new markets,” he said.
Meanwhile, the SDEC 2020 is expected to provide opportunities for investors, entrepreneurs and corporate executives to share and discuss on the latest insights and prospects of Artificial Intelligence (AI).
“The SRIE 2020 completes the summit to solidify Selangor’s position and value in the global world of innovations by giving innovators a platform to integrate and create while encouraging direct peer engagement for higher levels of deal-making, co-investments, strategic partnerships and business networking,” added Teng.
Since its inception in 2015, SIBS has welcomed nearly 100,000 visitors from over 50 countries, which has accumulated RM1,143.30 million in a negotiated transaction value.
