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Gateway to Opportunities in ASEAN

SELANGOR International Business Summit (SIBS 2022) is poised to help entrepreneurs and manufacturers explore their business potential and act as a stepping stone to the expanded ASEAN market.

Organized by Invest Selangor Bhd, the sixth edition of the state’s largest business summit will be held from October 6 to 9 at the Kuala Lumpur Convention Center.

SIBS 2022 will feature several main events – Selangor International Expo (SIE) 2022 F&B; SIE 2022 Physician; Selangor Industrial Park Exhibition (Spark 2022); Selangor Asean Business Conference (SABC 2022); Selangor Convention on Smart City and Digital Economy (SDEC 2022); and Selangor R&D and Innovation Expo (SRIE 2022).

Chairman of Selangor’s industry and commerce committee, Datuk Teng Chang Khim, said he was aiming for RM350 million in potential traded sales from the expected 30,000 professional visitors.

SIBS 2021 recorded RM217.6 million in potential traded sales, almost reaching the sales record set by SIBS 2019 (RM247 million).

To date, 40% of the expected participants have registered. The summit will feature 850 cabins.

Teng said about 20 percent of exhibitors are expected from overseas.

“Considering the reopening of national borders, I believe that more international traders and exhibitors will join this year,” he said at a press conference ahead of the “Invest Selangor Aidilfitri Business Networking” event. 2022” held at the MBSA Convention Center in Shah Alam, Selangor.

“We also have business matchmaking sessions and special buyer programs, including incentives for those traveling to Malaysia,” he said.

“We are focusing on the physical aspect although the summit will take place in hybrid mode.

“I invite entrepreneurs and manufacturers to get more information through and see how SIBS 2022 can be an opportunity for them to expand their business in the region.”

Asked about the new ideas planned for this year, Teng said the focus is on smart cities.

“We are trying to bring together mayors from different parts of this world, especially from this region, to share their experience and provide insight into the development of their smart cities.

“This is because there is no precise definition of a smart city. Each city will do what is necessary to meet its needs and we are looking for new ideas and innovations.

Teng added that SIE F&B would focus on food and beverage products and services, including processing and packaging, while SIE Medic would bring together major players from the diagnostic, healthcare, pharmaceutical, hospital and medical equipment industries. rehabilitation.

Meanwhile, Spark 2022 will feature internationally renowned industrial park developers based in Selangor.

It will welcome actors from the entire ecosystem such as urban planning consultancies, technical agencies, local authorities and financial institutions.

SABC 2022 will feature a one-day conference on topics including Regional Comprehensive Economic Partnership (RCEP), Digitalization and Environment, Social and Governance (ESG) from an ASEAN perspective.

Meanwhile, SDEC 2022 will bring together industry leaders, academics as well as small and medium enterprises to delve into the mechanics of existing and future smart cities, and digital economy frameworks and solutions.

SRIE 2022 will emphasize quality research and development.

Teng said SIBS 2022 will include side events such as the Selangor International Culinary Festival 2022, which will be held jointly with the Professional Culinary Association.

Managing Director of Invest Selangor Bhd, Datuk Hasan Azhari Idris, said, “SIBS can be Selangor’s premier global trading hub initiative to help not only exporters and manufacturers in Selangor, but also other states and regional actors, to restart their activities in the region.

Hasan said SIBS provides networking opportunities for all participants from multiple sectors to meet and collaborate, using Selangor as a gateway to ASEAN.

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