Selangor Journal
Selangor state executive councillor for trade and investment Dato’ Teng Chang speaking at the press conference on SIBS 2021 and SAS 2021 performance, at the MTES operations room in Shah Alam, on December 9, 2021. — Picture by FIKRI YUSOF/SELANGORKINI

Teng: Almost quarter billion in potential negotiated sales for SIBS 2021

By Nasuha Badrul Huzaini

SHAH ALAM, Dec 9 — The recently-concluded Selangor International Business Summit (SIBS) 2021 has succeeded in garnering approximately RM217.6 million in potential negotiated sales throughout its four-day duration.

State executive councillor for trade and investment Dato’ Teng Chang Khim said the achievement is close to the sales recorded during SIBS 2019, which was RM247 million.

“Although the economic downturn still plagues Malaysia due to the Covid-19 pandemic, SIBS 2021 has successfully concluded with strong support from participants and visitors.

“The annual summit which was held hybridly this year has also suprasses the initial set target of 10,000 visitors, with a turnout of 25,410 visitors. They include business owners, importers, wholesalers, distributors, and members of the public.

“The virtual edition of SIBS 2021 will continue on the Selangor business portal, www.selangorbusinesshub.my until October 2022,” he said during a press conference on the business summit’s performance at the Selangor State Secretariat building here today.

SIBS 2021 was held from November 18 to 21 and saw a total of 494 physical exhibition booths and 623 virtual exhibition booths..

Around30 buyers from four countries registered with and participated in business matching sessions held at the Exhibition Hall 2 in the Kuala Lumpur Convention Centre, during the exhibition days while 164 buyers from 31 countries joined in the business matching sessions virtually.

Teng added that since its inception, the business summit has become a platform for international businesses to use Selangor as a springboard to tap into the Asean market.

“The next edition of SIBS will return next year, and it will be organised at the same venue from October 6 to 9, 2022,” he said.

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