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Selangor aims to attract regional trade and commerce


  • News
  • Monday, 11 Sep 2017

(From left) Teng, Azmin and Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris officiating at the launch of the Selangor International Business Summit 2017 at the Setia City Convention Centre in Shah Alam.

(From left) Teng, Azmin and Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris officiating at the launch of the Selangor International Business Summit 2017 at the Setia City Convention Centre in Shah Alam.

SELANGOR aims to position itself as the gateway to Asean, and will be doubling efforts to make the state the future commerce centre in the region.

Speaking at the opening ceremony of the Selangor International Business Summit 2017, Selangor Mentri Besar Datuk Seri Azmin Ali said the state leads the nation in contributing to the country’s Gross Domestic Product (GDP).

“As of 2015, Selangor contributed RM240bil or 22.6% to the national GDP with an annual growth rate of 5.7%.

“The latest figures released by the Statistics Department has shown that Selangor remains the biggest contributor to the national GDP with an 0.1% increase in 2016,” he said.

Azmin added that the state was pushing the economy forward by focusing on aerospace, e-commerce, services and biotech industries.

With Selangor’s geographical location, sound logistics and technological infrastructure as well as economic fundamentals, he said the state was ready to be an entry point for more regional trade and commerce activities.

The 10-day business summit is a platform for key business players and investors from various industries to come together and optimise market potential.

It features three key events, including the Selangor Smart City and Future Commerce Convention 2017, the Selangor-Asean Business Conference from Sept 11 to 12 and the Selangor International Expo 2017 from Sept 14 to 17.

Selangor senior executive councillor Datuk Teng Chang Khim said the convention focused on how digital technologies were transforming cities and impacting the development of future commerce.

Sixty speakers from well-known smart cities participated in the convention, including from Barcelona (Spain), Amsterdam (Netherlands), San Francisco (United States) and Taipei (Taiwan).

There were also other activities such as exhibition and interactive workshops.

The two-day Selangor-Asean Business Conference, on the other hand, features 23 local and international speakers from public and private sectors, who will share insights into investment and business opportunities in Asean.

Meanwhile, the third edition of the Selangor International Expo will highlight life sciences, halal products and services as well as the food and beverage sector.

Teng said events such as this summit could position the state as a global trading hub, as it creates platforms for local and foreign multinational corporations (MNCs), small and medium-sized enterprises (SMEs) and entrepreneurs to gain and show knowledge.

“They can also showcase their products and services, and become an avenue for marketing, collaborations and partnerships. They will also get information on the latest technologies,” he said.

The summit covers five core industry clusters that have been identified to steer the state’s growth. These clusters include electrical and electronics, machinery and equipment, transport equipment, food and beverage as well as life sciences.

The Selangor International Business Summit 2017 at the Setia City Convention Centre in Shah Alam ends on Sept 17.

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