Invest Selangor Targets RM7 Billion In PTV From Upcoming SIBS Events

Selangor state owned Invest Selangor Bhd said it is eyeing up to RM7 billion in potential transaction value from the upcoming Selangor International Business Summit (SIBS) this year.

Its chief executive officer Dato’ Hasan Azhari Idris said this following the overwhelming response from last year’s SIBS, the summit will be held twice this year to accommodate increasing demand.

“Last year, we achieved about RM6 billion in potential transaction value, so we are confident to be able to achieve RM1 billion more this year, with the first series set from July 25 to July 27 while the second series will be held from October 16 to 19,” he told Bernama after promoting the summit here today.

In terms of visitors, he said they are expecting around 60,000 visitors to attend the trade shows.

SIBS is an annual business event initiated by the Selangor government and organised by Invest Selangor Bhd.

Hasan however said the two events in the first series in July will focus on the investment sector — the Selangor Industrial Park Expo (SPARK) and the Selangor Asean Business Conference (SABC).

He said SPARK, themed “Selangor, Gateway to Asean”, will showcase Selangor’s capabilities and attractiveness as an investment destination in Southeast Asia and provide a one-stop event to showcase potential investment locations in Malaysia as well as in Southeast Asia.

“Currently, SPARK has received over 60 per cent of bookings and the response is very positive. It could be due to SPARK (being able to) offer different investment locations in a single event.

“Investors and business delegations can evaluate and compare to find any suitable locations as well as suitable partners for their investment projects,” he said.

He added that SPARK will feature over 150 companies not only from Malaysia but also from Asean members, and participants will be from a diverse range of business sectors.

SIBS, introduced in 2015, has attracted the participation of various government agencies, as well as industry players and trade visitors from foreign countries, including China, Singapore, Indonesia, Japan, Uganda, Vietnam, Kazakhstan, Korea, Turkey, Kenya and Australia.

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