Selangor Journal
State executive councillor for investment, trade and mobility Ng Sze Han and Invest Selangor chief executive officer Dato’ Hasan Azahari Idris witnessing the documents between Imago Engineering and Selasih Aman at the International Business Summit (SIBS) in Kuala Lumpur on October 21, 2023. — Picture by HAFIZ OTHMAN/SELANGORKINI

SIBS 2023 drives economic growth across Malaysian states, says Sze Han

By Danial Dzulkifly

KUALA LUMPUR, Oct 22 — The Selangor International Business Summit (SIBS) 2023 has attracted investors to invest in states that participated in the trade show, said state executive councillor for investment, trade, and mobility Ng Sze Han.

Ng said that this demonstrated the event’s capacity to draw high-quality investment to Selangor and its neighbouring states. 

“The recent memoranda of understandings (MoUs) and memoranda of agreements (MoAs) signed are a clear indication of the quality investments we were able to secure, and the impact goes beyond the borders of our state.

“Take Pahang, for instance. The state witnessed the signing of numerous MoUs during SIBS. Our ultimate goal is to create an inclusive ecosystem that benefits every sector.

“For Selangor, we also want to aid other states in strengthening their economies, in line with the Madani principles,” he said to the press after the Selangor Accelerator Programme (SAP) Awards 2023 concluded at the Kuala Lumpur Convention Centre, here, today.

Ng further stated the ripple effects of the high-impact investments, particularly on local small and medium enterprises (SMEs).

“I’ve received positive feedback from our SMEs. 

“The main goal of these investments is to promote a thriving ecosystem that benefits all,’’ he said.

Ng also revealed that as of yesterday, the trade show had drawn approximately 41,500 visitors, closely approaching their target of 50,000 for this year’s edition.

Yesterday, Ng stated that the annual summit had surpassed this year’s target of RM1.5 billion by recording a transaction value of RM4 billion on the third day.

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