SIBS 2021 records over RM200m sales

Meanwhile, space at SAS 2022 in Subang on Sept 8-10 is open for booking through Invest Selangor’s SDaico


THE recent hybrid edition of the Selangor International Business Summit (SIBS 2021) has successfully recorded over RM200 million in sales in its efforts to revive the regional economic development and activities.

In total, SIBS 2021 recorded RM217.6 million of potential negotiated sales, nearly reaching the record RM247 million achieved during SIBS 2019.

SIBS 2021 attracted a total of 25,410 visitors, surpassing its target of 10,000. During the business matching sessions, a total of 30 buyers from four countries registered physically, while 164 buyers from 31 countries participated in the business matching sessions virtually.

In conjunction with the Selangor International Expo (F&B) 2021, three prominent retail brands — namely Aeon Co (M) Sdn Bhd, Lulu Group Retail Sdn Bhd and ST Rosyam Mart Sdn Bhd participated in the Supermarket Buyers Programme.

At the event, Invest Selangor Bhd launched the Selangor Biotechnology Action Plan 2021-2030, an initiative developed to identify high potential biotechnology subsectors to bolster the industry particularly in the state.

“As of now, Selangor is the first state to develop the action plan for biotech development. We are currently seeking cooperation from the federal government as well to strengthen the progress,” Selangor State Industry and Trade exco Datuk Teng Chang Khim said in a media briefing yesterday.

“Therefore, we have various initiatives that will be run in order to stimulate the biotech innovation in Selangor and the ecosystem.”

Apart from that, Invest Selangor introduced the Managed Industrial Park Standard Guidelines, a joint publication between Invest Selangor and PLANMalaysia@ Selangor to offer a set of guidelines for the management of industrial areas.

“The guidelines will ensure that future industrial parks are managed efficiently with new features to provide better services to investors setting up manufacturing plants in Selangor,” Teng said further.

Separately, the recent Inaugural Selangor Aviation Show 2021 (SAS2021), which was held on Nov 25-27, garnered 5,000 visitors.

The three-day show involved a total of 43 exhibitors from seven countries, representing the world’s best of aerospace and aviation industries, displaying their exhibits either on the tarmac or in the exhibition booth at the venue.

“Thirteen memorandums of understanding on various aerospace industry subsector collaborations were signed during SAS2021,” Teng said.

Selangor is targeting more countries, at least 10, to participate in the aviation segment next year.

The agreements signed covered various collaborations such as vocational workforce development joint venture for the aerospace industry, development of Selangor Drone Centre of Excellence, simulator training hub, one-stop maintenance, repair and overhaul centre for drones and proposed development of a seaplane manufacturing facility.

The Selangor Aviation Show will hold its second edition in 2022 in Subang on Sept 8-10 and is open for space booking through Invest Selangor’s dedicated aerospace division, Selangor Darul Ehsan Aerospace Industry Coordination Office (SDaico).