INVEST SELANGOR TARGETS TO SURPASS SIBS 2025 POTENTIAL TRANSACTIONS

SHAH ALAM, March 10 (Bernama) -- Invest Selangor Bhd aims to surpass last year’s RM8.17 billion in potential business transactions during the Selangor International Business Summit (SIBS) 2026, which will be held this October.

Selangor State Investment, Trade and Mobility committee chairman Ng Sze Han said in line with that, the 10th edition of SIBS will incorporate three new specialised pillars designed to strengthen the state's multi-sectoral investment ecosystem.

“The first pillar is Selangor Techsphere Summit organised by the Selangor Technical Skills Development Centre (STDC) in partnership with Hannover Fairs Asia Pacific (a subsidiary of the world-renowned Deutsche Messe AG), focusing on technical talent and industrial innovation.

“The second is Selangor Artificial Intelligence (AI) and Semiconductor Summit organised by the Selangor Information Technology and Digital Economy Corporation (SIDEC). The third pillar is the Selangor International Care Expo, held by Wanita Berdaya Selangor (WBS),” he said after unveiling the roadmap for SIBS 2026 here, today.

Ng said these pillars will join the established Selangor ASEAN Business Conference (SABC) and the Selangor Investment and Industrial Park Expo (SPARK). 

“This year, SIBS will also introduce the Selangor Investment Forum, a high-level seminar focusing on key industries, as well as the Selangor Career Outreach Talent Expo, a dedicated career fair in partnership with SOCSO to bridge the talent gap for approved investments in Selangor,” he said.

He added that since its inception in 2015, SIBS -- formerly known as the Selangor International Expo (SIE) -- has seen its potential transaction value skyrocket from approximately RM200 million in its early years to RM13.85 billion in 2024.

He said the summit has also facilitated a cumulative total of RM30.56 billion in potential transaction value to date, reinforcing Selangor's position as Malaysia's leading economic engine.

“Beyond trade, SIBS has established itself as a premier centre for thought leadership. To date, the summit has hosted over 1,081 speakers and welcomed more than 23,000 conference attendees, facilitating high-level discourse on ASEAN's evolving economic landscape,” he said.

SIBS 2026 is scheduled to take place from Oct 14 to 17 at the Kuala Lumpur Convention Centre, while also charting a new regional trajectory through the introduction of the SIBS@ASEAN Bandung Edition, which will take place from July 9 to 10.

He said Bandung, Indonesia, was strategically selected as the debut destination due to its striking economic similarities with Selangor, as both regions serve as primary industrial hubs and centres of innovation for their respective nations.

Meanwhile, Invest Selangor chief executive officer Datuk Hasan Azhari added that SIBS@ASEAN marks the next chapter in realigning Selangor as a regional connector. 

“We anticipate bringing approximately 50 Selangor-based companies to the Bandung edition in July 2026. Given the shared economic characteristics of Selangor and West Java, this initiative will help ensure our local businesses remain globally competitive and relevant,” he said. 

-- BERNAMA