International business summit returns

Hasan Azhari (fourth from left) and Selangor state senior executive councillor Datuk Teng Chang Kim (fifth from left) with representatives of the Selangor International Business Summit 2018 supporting partners.

AFTER its successful debut last year, the Selangor International Business Summit (SIBS) returns with its second edition.

The 10-day event will take place from Sept 6 to 16 at the Malaysia International Trade and Exhibition Centre (Mitec), Kuala Lumpur.

It will feature three main events – Selangor International Expo 2018 (fourth edition) from Sept 6 to 9; Selangor-Asean Business Conference 2018 (second edition) from Sept 6 to 7; and the Selangor Smart City and Digital Economy Convention 2018 from Sept 13 to 15.

Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris Hassan said SIBS 2018 was a solid platform that connects nations globally with the ability to bring businesses, both domestic and international, into Asean through its rich network of trade industry players.

“As the state’s investment promotion agency, Invest Selangor plays an important role in driving local and foreign investment into Selangor.

“In 2017, Selangor secured over RM5.6bil in total direct investment, from the manufacturing sector, which ranked first in terms of total approved manufacturing projects, compared with other states. This then led to the creation of more than 10,000 jobs.

“What we do as an organisation, not only spurs economic development and positively impacts the lives of our local communities, but also promotes Malaysia in the global arena.

“With SIBS 2018, we aim to generate mutually beneficial business opportunities and potential collaborative areas not only for Selangor or Malaysia and its local communities, but for all of us,” he said.

Hasan Azhari added that the upcoming event would be focusing on the food and beverage sector which features food technology, food science, food services as well as halal products and services.

With a targeted transaction value of RM250mil, SIBS 2018 is aiming at a total of 1,000 participating booths and expecting up to 25,000 visitors, compared to 22,000 visitors and RM204.2mil in transaction value last year.

Visitors to the event can expect business-matching programmes and hosted international buyers programme while international market opportunities through Asean economic integration, discussion on global market developments and trends as well as industry-led digital capabilities in Selangor will also be highlighted.

“In the wake of the current global economic situation, it is imperative for Asean countries to operate as a united community to support each other.

“As the gateway to Asean, Selangor will act as a hub that hosts and connects a rich network of trade industry players globally, by leveraging a solid platform like SIBS 2018.

“With a track record of contributing to 22.7% of Malaysia’s GDP in 2016, Selangor has prevailed not only for its economic prosperity and diversity, but also for its resilience as a state.

“While recognising the arsenals that each Asean country has to offer, we are honoured to be able to position Selangor as the gateway of facilitating trade and growth across the region,” said Selangor senior executive councillor Datuk Teng Chang Kim.

Selangor successfully attracted 202 approved manufacturing projects in 2017, translating into total direct investments worth RM5.59bil, of which RM3.43bil was from domestic direct investments while RM2.16bil was from foreign direct investments.

SIBS 2018 is endorsed by Matrade and Malaysia Airlines Bhd is the official airline partner, featuring 20 supporting partners comprising local and international business chambers and councils, as well as trade associations.

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