Selangor International Business Summit (SIBS) 2021 recorded over RM200mil sales in its efforts to revive the regional economic development and activities. 

SHAH ALAM, Dec 10 (Bernama) -- This year, due to the pandemic, the physical event aimed to revive the economic development from various industrial sectors and services sectors that were previously affected by the COVID-19 pandemic.
 
SIBS 2021 was officiated by His Highness Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj, the Crown Prince of Selangor, who represented His Royal Highness Sultan Selangor.
 
His Highness Crown Prince of Selangor also visited Invest Selangor booth and launched the Selangor Biotechnology Action Plan 2021-2030, an initiative that is developed to identify high potential biotechnology subsectors to propel the industry in the state further.
 
Also launched at the Invest Selangor booth was the Managed Industrial Park (MIP) Standard Guidelines, a joint publication between Invest Selangor Berhad and PLANMalaysia@Selangor to offer a set of guidelines for the management of industrial areas. The guidelines will ensure that future industrial parks are managed efficiently with new features to provide better services to investors setting up manufacturing plants in Selangor.
 
Although the economic downturn still plagues the country due to the COVID-19 pandemic, the Selangor International Business Summit 2021 had successfully assembled a total of 494 exhibition booths physically and 623 exhibition booths virtually. A total of 30 buyers from four countries registered and participated in business matching sessions held in Exhibition Hall 2, Kuala Lumpur Convention Centre, Kuala Lumpur during the exhibition days, while 164 buyers from 31 countries registered and participated in the business matching sessions virtually. 

In addition, three prominent retail brands, AEON CO (M) Sdn Bhd, Lulu Group Retail Malaysia dan ST Rosyam Mart Sdn Bhd, participated in the Supermarket Buyers Program in conjunction with Selangor International Expo (F&B) 2021, a prominent exhibition within SIBS 2021. The Buyers Program provides opportunities for participants in SIE(F&B) to be selected and onboarded in the participating supermarket and hypermarkets.
 
Selangor International Expo (MEDIC) 2021, one of the two new exhibitions held in SIBS 2021, also hosted a dedicated conference, the Selangor International Health Conference (SIHC) 2021, that brought a total of 36 medical expert’s speakers from 4 countries, namely Austria, Australia, Singapore and Malaysia.
 
On the other hand, Selangor Industrial Park Expo (SPARK) 2021 was also receiving good reviews and feedback from the trade visitors. The exhibition was also participated by relevant technical agencies and local councils in Selangor, making it a one-stop centre for potential investors to seek and discuss their industrial development plans in Selangor.
 
The Selangor ASEAN Business Conference (SABC) 2021 kicked off with three webinar series in May, August and the last one in November 2021. With the theme of “Sustaining Growth within ASEAN through Innovation”, the webinar series presented nine industry experts as the speakers from three countries, including Indonesia, India and Malaysia. Meanwhile, for the one-day conference in Kuala Lumpur Convention Centre, Kuala Lumpur, SABC 2021 presented 23 speakers from five countries, namely Indonesia, Singapore, Japan, Australia and Malaysia.
 
Selangor Smart City and Digital Economy Convention (SDEC) 2021 witnessed a Memorandum of Understanding (MoU) agreement signed between Selangor Information Technology and Digital Economy Corporation (SIDEC) and country top singer and businessperson, Dato’ Seri Siti Nurhaliza Tarudin through her company CTDK Holdings Sdn Bhd. The MoU will provide a symbol of mutual understanding to help in the growth of the nation’s e-commerce industry.
 
In total, SIBS 2021 recorded RM217.6 millions of potential negotiated sales, nearly reaching the sales record in the previous SIBS 2019 (of RM247 million).

The four-days Summit has also surpassed the initial set target of 10,000 visitors with a turnout of 25,410 visitors, ranging from business owners, importers, wholesalers, distributors to retailers and members of the public.
 
The virtual edition of SIBS 2021 will continue on the Selangor business portal, www.selangorbusinesshub.my until October 2022.
 
Since its inception, the Selangor International Business Summit has been a platform for international businesses to use Selangor as a springboard to tap into the broader ASEAN market, home for over 600 million consumers and over 200 of the world’s largest companies. 
 
Selangor International Business Summit 2022 will return to the same venue from 6th – 9th October 2022.

About Invest Selangor Berhad:
 
Invest Selangor Berhad is an investment promotion agency playing a pivotal role in the promotion and attracting both local and foreign direct investments to encourage the economic development of Selangor. Invest Selangor also coordinates and facilitates the approval of investors’ applications with government agencies and provides relevant business matching and marketing opportunities to improve the business ecosystem in the state. Selangor International Business Summit series is part of Invest Selangor’s global trading hub initiatives with the aim to position Selangor as the gateway to ASEAN.

Source: Invest Selangor Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Nurul ‘Ain Mohd Yussof
Tel: 012 3437059
Email: nurul@investselangor.my 

Name: Maryani Binti Mat Saad
Tel: 016 6997901
Email: maryani@investselangor.my 

--BERNAMA