Achieving a record high RM447.30 million worth of potential business transactions, the Selangor International Business Summit (SIBS) has succeeded in doubling the targeted value of RM250 million.

The collection of exhibitions, conferences, and conventions commenced on 10th – 13th of October 2019 at the Malaysian International Trade & Exhibiton Centre (MITEC), Kuala Lumpur.

Among the collection was the fifth edition of the Selangor International Expo 2019. A total of 359 booths in the 43,000 sqm of exhibition space featured 307 booths of Malaysian companies (74.3%), foreign companies (25.7%), and an additional 141 international trade buyers from 25 countries.

The Selangor ASEAN Business Conference 2019 that proceeded concurrently also saw successful discussions on current issues and opportunities in the business landscape across the ASEAN Market.

The two -day conference that ran on the 10th and 11th of October had the privilege of over 27 speakers from 6 countries, including Yang Berhormat Dato’ Seri Mohamed Azmin Ali (Minister of Economic Affairs), and Yang Berhormat Dr. Ong Kian Ming (Deputy Minister of International Trade and Industry) (MITI).

Meanwhile the Selangor Smart City & Digital Economy Convention 2019 was held on the 11th – 13th. Tech-centric exploration of business opportunities were the main focus in the Artificial Intelligence, the e-wallet and 5G conference, One Belt One Road Anime and Gaming summit, crowdfunding pitching sessions, and the Malaysia Top e-commerce Merchants Awards ceremony. 88 exhibitors and 32 international speakers found many mutual benefit opportunities as both consumers and vendors.

SIBS’ success this year is a definitive gauge for the capability of a consolidated summit that addresses the economy in a holistic manner, and the next edition that is set to take place from 14th – 17th October 2020 is promised to be even better and bigger.