The Selangor International Business Summit (SIBS) opened its doors for the 3rd time since inception in 2016, bringing together global brands and congregating industry players from around the world. Organised by Invest Selangor under the patronage of State Government of Selangor, the event scheduled on the 10-13 October 2019 at Malaysia International Trade and Exhibition Centre (MITEC), Kuala Lumpur, Malaysia. The four days will feature the following events under the summit’s umbrella as follow: the 5th Selangor International Expo, 3rd Selangor ASEAN Business Conference, 4th Selangor Smart City & Digital Economy and the inaugural Selangor R&D and Innovation Expo.
SIBS is explicitly designed to promote and facilitate international trade between businesses, facilitate foreign direct investment, and to provide a platform for companies to expand into new markets. With components of exhibitions and conferences, this summit brings together some of the most knowledgeable and influential speakers on the key issues that impact international trade. It attracts over 23,000 participants, 40 high-level speakers and 300 exhibitors. SIBS provide business representatives with the opportunity to engage in a dialogue with key decision-makers and demonstrate that business can play a crucial part in developing solutions to the most pressing issues in ASEAN.
Invest Selangor Berhad is the first contact point for corporations planning to invest in the state of Selangor, Malaysia. We are a one-stop government agency, which provides information and advisory services to potential and existing investors as well as assistance in setting up operations in Selangor. Selangor State successfully attracted 241 approved manufacturing projects in 2018, translating into total direct investments worth RM18.9 billion (USD4.5 billion). A total of RM8.1 billion(USD1.9 billion) of domestic direct investments (DDI) and RM10.8 billion(USD2.6 billion) was of foreign direct investments (FDI).
The food & beverages (F&B) manufacturing cluster is one of the key clusters that supports and stimulates Selangor’s economic growth. Generally, the F&B cluster revolves around the primary activity of food processing and manufacturing. The state is home to many large companies that have been producing food products for decades, which successfully cater to both domestic and overseas markets. Besides, a vast number of small and medium enterprises (SMEs) also exports food products to regional markets. The growing achievements of the Selangor’s F&B cluster is driven by its favourable business environment, including strong physical infrastructure, presence of large local and foreign multinational companies (MNCs), access from low to medium skill workforce, huge domestic market demand for food as well as diverse SME products and services.
With its strategic location and sophisticated connectivity, Selangor is the most competitive Gateway to ASEAN, where local and international businesses can build and strengthen their presence in ASEAN region.
With that in mind, Invest Selangor organises the Selangor International Business Summit to provide an avenue for businesses not only to explore the Malaysian market but more importantly, to continue to serve as a springboard to tap into the broader ASEAN market, home for over 600 million consumers and more than 200 of the world’s largest companies.
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