China, Italy, and the United Kingdom are among the countries participating in this year’s Selangor International Business Summit (SIBS), organised by Invest Selangor Berhad.
Its chief executive officer Dato’ Hasan Azhari Idris said the summit, to take place in October, will also feature attendees from Singapore, Indonesia, Thailand, Vietnam, the Philippines, Bangladesh, Taiwan, South Korea, Japan, and Kazakhstan.
“This year, the Selangor Industrial Park Expo is open to international exhibitors from Indonesia, Thailand, Vietnam, and the Philippines, in addition to local exhibitors,” he said.
Hasan Azhari said the Selangor International Expo (SIE) for Food and Beverages, which is expected to significantly contribute to sales potential, will also host three new programmes to attract visitors
“They include the Selangor International Culinary Festival, the Selangor International Coffee Week, and the Selangor International Coffee and Tea Expo, which involve domestic and international entrepreneurs,” he said, adding SIBS is an excellent venue to promote Southeast Asia as a primary global investment destination.
SIBS 2023 will be held at the Kuala Lumpur Convention Centre from October 19 to October 22 and is expected to draw about 50,000 visitors, including industry players from Southeast Asia, East Asia, and South Asia.
Invest Selangor is targeting RM1.5 billion in potential negotiated sales for this year’s iteration of the summit, now in its seventh edition.
Last year, SIBS recorded potential negotiated sales of RM1.45 billion, far exceeding Invest Selangor’s projection of RM350 million.
The six main components of the summit are the SIE for Food and Beverages, the SIE for Medic, the Selangor Industrial Park Expo, the Selangor Asean Business Conference, the Selangor Smart City and Digital Economy Convention, and the Selangor Research and Development and Innovation Expo.
