Selangor International Business Summit (SIBS) and Selangor Aviation Show (SAS) recorded astonishing number of potential negotiated sales
SHAH ALAM, Dec 6 (Bernama) -- Selangor continued its promotional efforts in positioning itself as the gateway to ASEAN through its two major annual events, the Selangor Aviation Show 2022 and the Selangor International Business Summit 2022. These two international events have proven to be the avenue for business meetings and networking of multiple sectors ranging from aerospace and aviation to food and beverages, healthcare and pharmaceutical to digital and technological services.
Selangor Aviation Show 2022
Recently, Invest Selangor organised the Selangor Aviation Show 2022 (SAS), which was held from 8th to 10th of September 2022. SAS 2022 soared beyond expectations, surpassed the 8,000 visitors target over the three-day event. The three-day show, held across 28,458 sqm in a few hangars and tarmac at the SkyPark RAC Subang, saw a total crowd of 10,563. SAS also successfully recorded RM 1.174 billions of potential of transaction value during the 3-day event.
SAS 2022 was officiated by His Royal Highness Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj, Crown Prince of Selangor, who represented His Royal Highness Sultan Sharafuddin Idris Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj, Sultan and Ruler of the State of Selangor Darul Ehsan and all its dependencies.
This event managed to assemble a total of 62 exhibitors from 5 countries representing the world’s best of aerospace and aviation industries, displaying their exhibits either on the tarmac or in the exhibition booth at the venue. The total number of static aircraft displayed was 30, almost double from last year’s SAS 2021.
14 Memorandums of Understanding (MOUs) on various aerospace industry sub-sector collaborations were signed during SAS2022. The agreements signed cover various collaborations such as research and development for the aerospace industry, dual license & Air Transport Pilot training, one-stop MRO centre for drones and maintenance of ‘amphibious’ aircraft.
Green aviation technology company Volar Air Mobility Ltd, which inked the biggest Memorandum of Understanding (MoU) at the Selangor Aviation Show 2022 (SAS) worth RM675.1 million (USD150 million), with Selangor Aviation & Technology Innovation (SELATI) aims to introduce the first green air taxi service in Malaysia within two years. The MoU entails potential aircraft manufacturing; maintenance, repair and overhaul; air taxi service training; and research and development for a five-year period. As a joint undertaking, Volar and Selati will establish the Institute for the Development of Electric Aviation Malaysia, a think tank to promote and support the development of green aviation.
Meanwhile, the strategic collaboration signed between Delta Aerospace Sdn Bhd (Delta) and Aeronautique Design & Service Bureau SA (ADSB) concluded the investment deal valued at RM166.7 million (EUR 37.5 million) for the Joint-Venture, which will result in ADSB having an equity in Delta Aerospace Sdn Bhd. ADSB will transfer all available design documentation and technological equipment used for the production, type certificate for LA 8, all of its sales dealers and existing contracts in relation to sales and spare parts to Delta Industrial.
Selangor International Business Summit 2022
Another outstanding achievement for Selangor this year, was in organising Selangor International Business Summit (SIBS) which took place on 6th to 9th of October 2022. SIBS 2022 had successfully assembled a total of 906 exhibition booths from at least 31 countries exceeded the earlier target of 850. SIBS 2022 occupied a total of 8 expo halls, 4 conference halls, 2 plenary halls and 2 banquet halls totalling the space of 20,096 sqm.
SIBS 2022 featured the 8th Selangor International Expo (F&B) 2022, the 2nd Selangor International Expo (Medic) 2022, the 2nd Selangor Industrial Park Expo (SPARK) 2022, the 6th Selangor ASEAN Business Conference 2022, the 7th Selangor Smart City and Digital Economy Convention (SDEC) 2022 and the 3rd Selangor R&D and Innovation Expo (SRIE) 2022. In addition, there were also several parallel events organised within the four days Summit.
The 4-day Summit has also surpassed the initial set target of 30,000 visitors with a turnout of 44,342 visitors, which 75% of them were trade visitors, ranging from business owners, importers, wholesalers, distributors, retailers and hypermarket purchasing departments. A total of 380 buyers from 19 countries including Malaysia registered and participated in business matching sessions held in the exhibition halls in Kuala Lumpur Convention Centre. All in all, a total of 60 countries participated in SIBS 2022.
SIBS 2022 was also officiated by His Royal Highness Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj, Crown Prince of Selangor, who represented His Royal Highness Sultan Sharafuddin Idris Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj, Sultan and Ruler of the State of Selangor Darul Ehsan and all its dependencies.
We are also proud to announce that SIBS 2022 recorded the highest potential negotiated sales with a total of RM1.45 billion, compared to the previous SIBS 2021 (of RM217.6 million). 7 Memorandums of Understanding (MOUs) on various industry sub-sector collaborations were also signed during SIBS 2022.
The biggest Memorandum of Understanding (MoU) signed during the summit was between CSCM Asset Management Sdn Bhd and Harum Minat Sdn Bhd on the joint development of the International Integrated Logistics Services (IILS) in Sepang, focuses on the construction of overseas warehouses and a smart logistics park around the Kuala Lumpur International Airport that will adopt the advanced and comprehensive logistics development system in China. The IILS is a key project under China’s ‘One Belt, One Road’ initiative, with the first phase slated to kickstart in January 2023 with RM820 million in estimated investments.
Local player, UMW Development Sdn Bhd, also exchanged a sale and purchase agreement (SPA) for the sale of 56.66ha of land at the UMW High Value Manufacturing Park (UMW HVM Park) in Serendah to Longi (Kuching) Sdn Bhd for RM304.92 million. The strategically located and green-rated UMW HVM Park is both a managed and guarded high-value manufacturing park equipped with infrastructure and services for manufacturing excellence.
Another notable MoU was signed by Perbadanan Kemajuan Pertanian Selangor (PKPS) dan Petronas Global Technical Solutions Sdn Bhd (PGTSSB) for the cooperation of projects and initiatives related to sustainability and environmental conservation in the State of Selangor. Through the agreement, several elements will be examined including agroforestry, Forest Replantation, Urban Agriculture, Smart Cities and Voluntary Carbon Market.
The SIE (F&B) 2022 which focused on F&B industry, attracted participation from 427 companies from 10 states in Malaysia and from other 20 countries. At the same time, the Selangor International Culinary Festival (SICF) 2022 was also held in conjunction within the Selangor International Expo (F&B) 2022. Endorsed by World Association of Chefs Societies, SICF Culinary Challenge saw the teams battling for the Malaysia Catering Cup.
SIE (F&B) 2022 also featured the Supermarket Buyers Program, which offers the F&B exhibitors the opportunities to supply to the participating supermarkets. A total of eight supermarkets participated this year (compared to only two in 2021), namely ST Rosyam Mart Sdn Bhd, Lulu Group Retail Malaysia, Trendcell Sdn Bhd (Jaya Grocer), QRA Sdn Bhd, My Hero Supermarket Sdn Bhd, Lotus's Stores Malaysia Sdn Bhd, Orange Convenient Store Sdn Bhd and CKS Supermarket Sdn Bhd. For the record, last year the program successfully onboarded a total of 25 companies with a total of 118 SKUs into the two participating supermarkets.
Selangor International Expo (Medic) 2022, had 59 companies from Malaysia, United States, Austria, Singapore, and Canada participating, with a combined total of 86 booths. SIE (Medic) also hosted the Selangor International Healthcare Conference, which gathered a total of 37 local and international speakers of the industry and attracted around 250 attendees.
Selangor Industrial Park Expo (Spark) 2022, on the other hand, also received good reviews and feedbacks from both the exhibitors and the trade visitors. The exhibition featured key Selangor’s industrial park developers and operators, port operators, relevant technical agencies, and Selangor local councils, making it a truly one stop centre for potential investors to seek and discuss their development plans.
The regional business conference of SIBS 2022, the Selangor ASEAN Business Conference (SABC) 2022 was held on the first day of the summit. It featured a total of 22 regional speakers and moderators including from Singapore, Cambodia and Malaysia with 174 attendees.
Selangor Smart City and Digital Economy Convention (SDEC) 2022 this year included a new program, the Asian Smart City Conference: Mayors Summit and Selangor Declaration, where a total of 12 Mayors from Australia, South Korea, Thailand, Indonesia, India, and Malaysia shared their knowledge, experiences, and approaches in resolving city liveability challenges through smart technologies.
SDEC 2022 also featured another discourse session, the Net-Zero and Circular Economy Forum, which involved 24 local and international experts. Both conferences in the span of 2 days gathered a total of 980 attendees. On top of the conferences, SDEC 2022 also featured a total of 113 booths participation by smart city technology providers within the summit.
Selangor R&D and Innovation Expo 2022 featured 112 booths from several countries including Germany and United Kingdom. SRIE also introduce its inaugural forum this year featuring topics on university- private collaboration, business transformation through innovation and others.
SIBS 2022 also introduced an invitational golf tournament as another part of networking session between the participants, business chambers, embassies, and the senior state government officials. It was also another avenue for us to get to know our participants and partner better to help introduce Selangor as their potential investment destination.
SIBS has been getting positive feedbacks and one of it is from Alex Feldman, the President & CEO of US-ASEAN Business Council who attended SABC 2022. “Malaysia or Selangor's role as a gateway to ASEAN is attributed to its geographical location, and its educated workforce makes Malaysia a desirable destination for Foreign Direct Investment (FDI).
Meanwhile, one of our exhibitors for SIE (F&B) 2022, Ahmad Nor Fadli Bin Fodzir, the Head Director Zaktar Group SDN BHD, “We met many good potential clients during SIBS 2022.”
One of the judges for SICF 2022, Chef Federico Michieletto ,“ I was very happy to see a big crowd. It’s good to be more international to showcase Selangor around the world.”
An exhibitor from SPARK 2022, Eddy Lim from NCT Alliance, “The show has been really fantastic to us where we came to know every company and different people from other countries who come to know us and also to know the first industrial park in Selangor.”
Jordi Pol, the Chairman of Malaysian Spanish Chamber of Commerce and Industry, “SDEC 2022 has been really useful that we’ve been able to talk to authorities, business partners and were able to understand more on the opportunities for their company and also learnt way to boost, to be at the cutting edge of technologies and social inclusion.”
On the other hand, a participant from SRIE 2022 John Lougen Ante Blanco said, “We are able to promote what Siemens can do and also have collaboration with others especially in cybersecurity and the products we have.”
Due to its success, Selangor International Business Summit is returning next year from 19-22 October 2023, at the Kuala Lumpur Convention Centre.
SIBS and SAS are two of the many activities organised by the state of Selangor, through its agency, Invest Selangor, with the aim to assist the revival of the economic activities of various industrial and services sectors that were previously affected by the Covid-19 pandemic.
About Invest Selangor Berhad:Invest Selangor Berhad has been a beacon for investors from all across the world who wished to invest, and prosper, in Selangor. Invest Selangor Berhad is a one-stop agency that provides information, advisory services, as well as start-up or expansion assistance to potential and existing investors. Since our inception, we have attracted 6,231 (1999-2021) manufacturing projects in Selangor. Thus we have been indirectly responsible for the creation of 461,221 (1999- 2021) jobs and attracting more than RM206.1 billion (1999-2021) worth of manufacturing investments to the state. Invest Selangor will continually strive to create a conducive investment- friendly environment through the creation of new networks, services and competitive incentives provided by the Malaysian Investment Development Authority (MIDA) – and continually showcase to the world the dynamic, golden state of Selangor.
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
