The four-day Selangor International Business Summit (SIBS) 2023 has achieved its target of RM1.5 billion in potential negotiated sales in just six hours of its commencement.
Selangor Menteri Besar Dato’ Seri Amirudin Shari said this was done through a range of memoranda of understanding with companies that are already operating in the state as well as new ones that have just expanded their wings in the state.
In a post on X last night, Amirudin also expressed confidence that SIBS 2023 will exceed its target of 50,000 trade visitors across the four days, with 18,000 people already registered on the first day.
Yesterday evening, the menteri besar told reporters that he was convinced that the RM1.5 billion target would be achieved by the end of the summit on Sunday, adding that sales from multiple MoUs had reached RM1.2 billion yesterday morning alone.
This year’s SIBS, held at the Kuala Lumpur Convention Centre from October 19 to 22, is the biggest ever since its inaugural event in 2017.
It features six core components, namely the ninth Selangor International Expo (F&B), ninth Selangor International Expo (Medic), third Selangor Industrial Park Expo, seventh Selangor Asean Business Conference, eighth Selangor Smart City and Digital Economy Convention and fourth Selangor R&D and Innovation Expo.
The summit showcases over 1,000 booths and concurrently holds several other side events, including the Selangor International Culinary Festival, Selangor International Coffee Week, Selangor International Healthcare Conference and Malaysia International Tea and Coffee Expo.
Meanwhile, Amirudin said with Selangor now being aligned to a Federal government that embodies the true spirit of reforms, this is the best time for investors to put their money in the state.
“That was my main message as I officiated the 7th Selangor International Business Summit this (yesterday) morning,” he said.
“Under Prime Minister Datuk Seri Anwar Ibrahim’s leadership, and on the back of four important documents released in the past two months, there has been no time in Malaysia’s history in the 21st century with a clearer road towards the future than this moment.”
Amirudin also urged those who have yet to sign up for SIBS 2023 to do so immediately to have an opportunity to engage in a range of plenary sessions and meet like-minded committed people in various growing industries in Selangor and across the Southeast Asian region.
