By Sulyn Chong
SHAH ALAM, Nov 24 — The 2022 Selangor International Business Summit (SIBS) which ran from October 6 to October 9 at the Kuala Lumpur Convention Centre was a success, as it recorded some RM1.45 billion in potential business transactions.
State executive councillor for trade and investment Dato’ Teng Chang Khim said SIBS saw a total of 906 exhibition booths from 623 companies, involving attendees from 60 countries and consisted of exhibitors, international buyers, conference speakers, seminar participants, as well as visitors.
“SIBS 2022 has been elevated to an international-level trade exhibition and conference programme, and is held every year by the Selangor state government through Invest Selangor. This year, the event has attracted RM1.45 billion in potential business transactions and saw approximately 44,342 visitors, with 25 per cent public visitors and 75 per cent trade visitors,” he said.
Teng was responding to Sijangkang state assemblyman Datuk Dr Ahmad Yunus Hairi, during the question time at the State Legislative Assembly sitting, earlier today.
He said SIBS is a business-to-business platform made specifically for corporations with products that are ready for export. However, it is not a platform for micro-enterprises.
“SIBS 2022 was the largest one since 2015. It is recognised as an international event and we should not lower its standards. Micro-enterprises will have to increase their standards to be featured in the event.
“Hence, I believe there should be an alternative platform for micro-enterprises to educate them and allow them the opportunities to be more competitive as they improve on their products, so it can be marketed internationally,” Teng said.
The councillor added the Selangor Aviation Show (SAS), which ran from September 8 to September 10 at the Subang Skypark RAC in Subang was similarly successful, as it saw the participation of 123 exhibition booths from 66 companies, both domestic and international.
SAS also saw approximately 10,563 visitors and recorded a total RM1.174 billion in potential transactions.
Meanwhile, Teng said the First Selangor Plan (RS-1), which functions as a comprehensive five-year development plan for the state, was drawn up based on short, medium and long-term strategies, as well as initiatives to achieve the vision of making Selangor a smart, prosperous and habitable state by 2025.
He said the plan’s main thrust focuses on strengthening the economy, increasing the quality of life and social inclusion, as well as driving sustainability through smart and effective governance.
“The state government is also ready to tackle economic challenges by increasing GDP growth, the value of investments in priority sectors and high complexity, job opportunities, as well as the penetration rate of fixed broadband,” Teng said.
