By Norrasyidah Arshad
SHAH ALAM, Aug 25 — A special dialogue session to promote Southeast Asia as a primary global investment destination will be held in conjunction with the Selangor International Business Summit (SIBS) this October.
Invest Selangor Bhd chief executive officer Dato’ Hasan Azhari Idris said stakeholders will discuss, among other things, the direction in which to make the region more appealing on the international level.
“Representatives from each country will be involved to discuss the form of cooperation that can be carried out to promote Asean as a vital global destination for investment.
“This will be among the new attractions at SIBS this year. We hope to achieve our objectives, while simultaneously adding value to the state,” he said.
SIBS 2023 will be held at the Kuala Lumpur Convention Centre from October 19 to October 22 and is expected to draw about 50,000 visitors, including industry players from Southeast Asia, East Asia, and South Asia.
Invest Selangor is targeting RM1.5 billion in potential negotiated sales for this year’s iteration of the summit, now in its seventh edition.
Last year, SIBS recorded potential negotiated sales of RM1.45 billion, far exceeding Invest Selangor’s projection of RM350 million.
The six main components of the summit are the Selangor International Expo (SIE) for Food and Beverages, the SIE for Medic, the Selangor Industrial Park Expo, the Selangor Asean Business Conference, the Selangor Smart City and Digital Economy Convention, and the Selangor Research and Development and Innovation Expo.
