The 7th edition of the Selangor International Business Summit (SIBS 2023) has officially begun at the Kuala Lumpur Convention Center today. Officiated by Selangor Menteri Besar, Dato’ Seri Amirudin Shari, the 4-day summit centers around six main programs and five parallel events, taking up all 8 expo halls and 7 conference halls with the exhibitions offering over 1000 booths altogether. The six main programs are:
- The 9th Selangor International Expo (F&B)
- The 7th Selangor ASEAN Business Conference
- The 8th Selangor Smart City & Digital Economy Convention
- The 4th Selangor R&D and Innovation Expo
- The 9th Selangor International Expo (Medic), and
- The 3rd Selangor Industrial Park Expo
Meanwhile, visitors at SIBS 2023 can look forward to the following parallel events:
- Selangor International Culinary Festival
- Selangor International Coffee Week
- Selangor International Healthcare Conference
- Malaysia International Tea & Coffee Expo, and
- Selangor International Business Summit Invitational Golf Tournament
In officiating the state’s annual business summit, Amirudin expressed Selangor’s desire to pursue high impact investments in public transportation, climate change solutions, higher-quality manufacturing, especially through automation, or new fields in biotechnology and pharmaceuticals to prepare for the next endemic or pandemic, and not just any type of investment.
“It is clear that the business of investment is not solely based on the past,” he shared in his opening speech during the opening ceremony this morning. “That is why I have made it crystal clear to my entire team that, while we have performed well, we cannot take things for granted or become complacent, hoping that our past successes can guarantee future success,” he said.
Amirudin also plugged Selangor as the best investment destination, possessing the necessary ingredients for businesses to succeed where no one will be left behind. “I believe this summit will provide an avenue for the discovery of new areas of innovation which are instrumental in allowing our youth to not only become adopters of new technologies, but also problem-solvers of the future,” he said.
On the other hand, the Selangor Menteri Besar also announced that, as part of the Selangor Business Capital plan, the state government is currently looking at building a much larger convention center in Sepang for the purpose of holding global events. He said this at the press conference after the summit’s opening ceremony.
This year, the state government aims to register at least RM1.5 billion worth of investments from the summit, further positioning Selangor as the region’s premier destination for local and international industry players to convene, network and explore investment opportunities in Malaysia and its neighbors. Selangor’s executive councilor for investment, trade and mobility, Ng Sze Han spoke of how SIBS has grown leaps and bounds since its inception, with this year’s edition garnering participation of over 300 trade buyers from nearly 30 countries.
“SIBS has now become one of Malaysia’s largest international marketplace and business networking events for local and international exhibitors, trade visitors and conference attendees,” he said. Over 50,000 visitors are expected at the 7th Selangor International Business Summit, which begins today until October 22.