Selangor Journal
Dato’ Seri Amirudin Shari (centre) visiting an exhibition after officiating the Selangor Smart City and Digital Economy Convention during the Selangor International Business Summit (SIBS) 2021 at the Kuala Lumpur Convention Centre, Kuala Lumpur, on November 20, 2021. — Picture by AHMAD ZAKKI JILAN/SELANGORKINI

SIBS 2022 to be state’s biggest ever business summit — Teng

By Alang Bendahara

SHAH ALAM, May 12 — The sixth edition of Selangor International Business Summit (SIBS) 2022 which will be held from October 6 to October 9 at the Kuala Lumpur Convention Centre is set to become the biggest business summit organised by the state so far.

State executive councillor for trade and investment Dato’ Teng Chang Khim said the event organised by Invest Selangor Berhad is aiming for RM350 million in potential negotiated sales, with at least 30,000 visitors turning out and participation from at least 850 booths.

“SIBS 2021 recorded RM217.6 million in potential negotiated sales, while the pre-Covid-19 SIBS 2019’s sales recorded RM247 million. So for this year, we are looking to achieve RM350 million in potential negotiated sales, which will be the biggest so far,” he told reporters during a press conference on SIBS 2022 at Invest Selangor’s Hari Raya Aidilfitri Open House here today.

Teng said this year’s summit will still be held in hybrid mode but the focus will be on the physical summit.

He added that so far Invest Selangor has received 40 per cent participation commitment from the 850 booths that they have targeted for SIBS 2022.

“Out of the 850 booths we expected 20 per cent would be from international companies and investors. This is due to the reopening of the country’s borders so we expect there will be more foreign investors coming in,” Teng said.

The summit’s highlights include the 7th Selangor Smart City and Digital Economy Convention (SDEC) 2022 which will feature mayors from cities in the Asean region.

“We will gather the mayors to share knowledge and ideas on how they manage their cities, discuss the concept of smart cities as well the innovations. This is in line with Selangor’s aspiration to become an Asean Smart State by 2025,” he said.

Teng said SDEC will also gather industry leaders, academicians, small-and-medium-sized enterprises (SMEs) and players from the public and private sectors, who will delve into the mechanics of existing and future smart cities along with digital economy frameworks and solutions.

Also in attendance at the press conference was Invest Selangor Berhad’s chief executive officer Datuk Hasan Azhari Idris.

This year, the summit will comprise various exhibitions, namely the 8th Selangor International Expo (F&B) 2022, the 2nd Selangor International Expo (Medic) 2022, the 2nd Selangor Industrial Park Expo 2022, the 7th Selangor Smart City and Digital Economy 2022, as well as the 3rd Selangor R&D and Innovation Expo 2022.

SIBS 2022 will also include the Selangor Asean Business Conference and parallel events including the Selangor International Culinary Festival 2022, the Selangor International Healthcare Conference 2022 and the Selangor International Halal Conference 2022.

For more information about the summit or interest in participating, follow Invest Selangor on Facebook, Twitter, Instagram or visit www.selangorsummit.com.

Top Picks

Sultan Sharafuddin launches Selangor-Gaza Ehsan Development Fund

Banting man arrested for setting off firecrackers on road

Pandamaran rep distributes over RM30,000 to mosques, suraus for Ramadan activities