Significant Rise In SIBS Potential Business Transactions

The SIBS 2019 is definitively a success story to be proud of. Despite the global economic uncertainties,  Selangor International Business Summit (SIBS) 2019 has achieved a record high of RM 447.30 million over the 4-day exhibition held from 10 – 13 October 2019 at Malaysia International Trade & Exhibition Centre (MITEC), Kuala Lumpur. This is a significant rise compared to the RM194.6 million total transactions it secured last year.

SIBS 2019, which was graced by Sultan of Selangor, Duli Yang Maha Mulia Sultan Sharafuddin Idris Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj, brought four main events under its umbrella namely the Selangor International Expo,Selangor Asean Business Conference, Selangor Smart City and Digital Economy Convention and  Selangor R&D Expo.

The fifth edition of Selangor International Expo 2019, featured a total of 359 booths across 43,000 sqm of exhibition space. With 307 booths, 74.3 percent of which were Malaysian companies and 25.7 percent of which were foreign companies, the event hosted an additional 141 international trade buyers from 25 countries.

 

 

Selangor ASEAN Business Conference 2019 also saw successful discourse on tackling current issues and opportunities that impact the business landscape across the ASEAN market. The two-day conference was held over 10 – 11 October 2019 and featured an impressive line-up of over 27 speakers from 6 countries; including Yang Berhormat Dato’ Seri Mohamed Azmin Ali (Minister of Economic Affairs), and Yang Berhormat Dr Ong Kian Ming (Deputy Minister of International Trade and Industry) (MITI).

Selangor Smart City & Digital Economy Convention 2019 was held from 11-13 October 2019. The convention featured an exploration of burgeoning business opportunities such as Artificial Intelligence, the e-wallet and 5G conference, One Belt One Road Anime and Gaming summit, crowdfunding pitching sessions, and the Malaysia Top e-commerce Merchants Awards ceremony. Featuring 88 exhibitors and 32 international speakers from 7 countries, the conference proved beneficial for consumers and vendors alike.

Meanwhile, the inaugural Selangor R&D and Innovation Expo which was held from 10-13 October featured 314 exhibitors mainly universities and Selangor local councils who exhibited their research and innovative products and services. A total of 187 R&D competition was organised during the expo, with participation from universities, schools and from the public. The expo also saw a total of two MoUs exchanged – licence agreement between University Putra Malaysia and Upstream Downstream Process Sdn
Bhd, as well as an agreement between the State of Selangor with Adakan Holdings Sdn Bhd and ShazInnovation Solutions.

Four additional programmes were also featured on the sidelines on this year’s summit. One of them is the Malaysia International Tea & Coffee Expo 2019, which was held as a special show within Selangor International Expo with the participation of 42 companies from 17 countries. The expo also saw the Tea Trade Association of Malaysia signing a bilateral trade MoU with 5 countries, namely the South India Tea Exporters Association, Japan Tea Export Promotion Council, Myanmar Tea Association, Tea and Chinese Cultural Appreciation Society of Thailand and Vietnam Tea Association. The Tea & Coffee Expo also hosted few stage activities including the Piala TTAM and Battle of Teh Tarik, which  attracted 12 individuals and 9 restaurants participation from nationwide.

Another sideline event was the 9th Malaysia – China Entrepreneurs Conference held on 12th October. The one-day conference was attended by a total of 1000 participants from Malaysia and China. The conference which was held in the main ballroom of MITEC, featured a total of 26 speakers including YB Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change. A total of two MoUs were exchanged during the conference. The first between Malaysia Digital Economy Corporation, Malaysia and International Cooperation Center (ICC) of the National Development and Reform Commission (NDRC) and the People’s Republic of China and the second between Ancubic Construction Sdn Bhd and CEDY Third Contracting and Trading (M) Sdn Bhd.

The third sideline event was Selangor International Halal Conference held on 10th October 2019. The one-day conference that saw participation of 736 attendees, was held in two sessions at Hall 2 of MITEC. A total of 19 speakers from the halal industry were involved
in the two sessions.

The fourth event held on sidelines of SIBS 2019, was a four-day culinary fest called the Selangor International Culinary Festival (SIFC). This too was held concurrently within the Selangor International Expo, in Hall 2. The SICF was a World chef’s endorsed culinary competition with 20 categories for both professional and young chefs in the region.

In summary, the Selangor International Business Summit 2019 successfully attracted a total 702 exhibitors comprising companies from 12 countries compared with a total of 339 companies from 33 countries last year. The number of visitors this year also increased to  and a total of 34,638 visitors against 23,737 visitors last year. The total number of booths this year also rose to 787 booths (547 booths in 2019).

Dato’ Teng Chang Kim, State Executive Councillor and Chairman of the Standing Committee for Investment, Industry & Commerce (small and medium enterprise),has assured an even bigger and better fourth edition of SIBS, which is set to take place a larger venue.

“Moving forward, I would  like to announce that Selangor International Business Summit 2020 will be organised from 14 – 17 October 2020 at a new venue, the Kuala Lumpur Convention Centre, and wish to invite the participants to return to SIBS next year.

“We would also like to announce a special 15 percent early bird discount for all F&B participants in Selangor International Expo 2020, and it will be available from now onwards until 31 December 2019.”

 

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