Selangor Journal
State executive councillor for investment, industry and trade, and small and medium industries Dato’ Teng Chang Khim during a press conference after the soft launch of the Selangor International Business Summit (2021) at the Kuala Lumpur Convention Centre, Kuala Lumpur, on April 8, 2021. — Picture by INVEST SELANGOR

SIBS 2021 returns in hybrid mode, continue to strengthen Selangor as investment destination

SHAH ALAM, April 8 — The Selangor International Business Summit (2021) will continue this year in October, both virtually and physically, with several new features and segments to be introduced.

State executive councillor for investment, industry and trade, and small and medium industries Dato’ Teng Chang Khim said the fifth installation of the annual summit would be an opportunity to strengthen Selangor’s position as a competitive and preferred investment destination in Asia.

He said the event would offer the state an avenue to demonstrate its resilience, agility and determination to succeed while moving forward despite the challenges faced during the Covid-19 pandemic.

“I am thrilled to announce that SIBS 2021 will introduce new features and segments. Spark (Selangor Industrial Park Expo) 2021, for example, will be the avenue for potential manufacturers and investors to meet and evaluate the best industrial parks for their next expansion plan in Selangor.

“SIE (Selangor International Expo) (Medic) 2021 on the other hand, will showcase the latest products and services related to life sciences, the sector which is very important especially with the current health challenges that the region is facing.

“It is time to recover and reverse the economic effects of the global pandemic. With SIBS 2021, we are declaring that Selangor welcomes all international participants back to explore the many opportunities here,” said Teng in his opening speech during the soft launch of the SIBS 2021 at the Kuala Lumpur Convention Centre, here today.

Teng said the summit would be crucial to the economic rebuilding process in the region as such promotional efforts would provide confidence not only to the participants and exhibitors but also to the trade visitors coming from the region, to connect, collaborate and conduct business in Selangor.

Meanwhile, Invest Selangor Bhd chief executive officer Dato’ Hasan Azhari Idris in his welcoming address said for the first time, the SIBS 2021 will run on a hybrid model where the exhibitions and conferences will be held physically at the prestigious Kuala Lumpur Convention Centre and virtually via the portal.

He said the four-day event, themed “Restore Tomorrow, Today,” will be held from October 7 to 10 and is expected to garner 840 exhibitors and attract 15,000 visitors from 24 countries.

“This year, the event will host a record of six main event components, namely the Selangor International Expo (F&B), Selangor Asean Business Conference (SABC), Selangor Smart City and Digital Economy Convention (SDEC) and the Selangor R&D and Innovation Expo (SRIE).

“Two new events will be included which is the Selangor International Expo (Medic) and Selangor Industrial Park Expo (Spark),” he said.

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