The event is organised by the state government, via Invest Selangor Berhad (ISB) and endorsed by the Malaysian External Trade Development Corp or MATRADE.
SIBS 2020 will comprise four main components namely the 6th Selangor International Expo (SIE), the 4th Selangor-ASEAN Business Conference (SABC), the 5th Selangor Smart City and Digital Economy Convention (SDEC) and the second Selangor R and D and Innovation Expo (SRIE).
The four-day summit, to be held for the fourth consecutive year this October, is targeting to attract over 40,000 visitors and 850 local and international booths, hence making it the biggest regional business event to be held in the country.
The 6th edition of the Selangor International Expo (SIE) will continue to be the biggest component of SIBS 2020.
“For the 2020 edition, the SIE will expand its international buyers’ programme from 141 buyers in 2019 to 300 from all over the world that are looking to expand their food and beverage products sourcing from ASEAN,” said Datuk Teng Chang Khim, Selangor’s State Executive Councillor for Investment, Industry and Commerce and SME, during the pocket talk on F&B Industry event in Selangor held recently.
Among the main highlights of the SIE 2020, 6th edition are Malaysia International Tea and Coffee Expo, Selangor International Culinary Festival and Selangor International Halal Conference.
The Malaysia International Tea and Coffee Expo, to be jointly organised by the MyTA, is expected to highlight the creme de la creme of the rapidly growing and diversifying beverages segment.
The Selangor International Culinary Festival 2020 will be featuring Worldchefs Endorsed Culinary Competition, where award-winning chefs will demonstrate their skills and creativity in recreating Selangor’s heritage cuisines.
The Selangor International Halal Conference will continue to be featured as one of the main programmes of SIE to bridge the gap between distributors, consumers and authorities with dialogues focusing on improving the current market access and latest requirements on Halal products.
“SABC 2020, the second component of SIBS 2020, is expected to be equally interesting with the gathering of economic players from several countries including high-profile business leaders, trade related associations and international investors.
“SABC 2020 aims to strengthen ties between ASEAN and non-ASEAN companies by providing valuable updates and guidance on business expansion into new markets, “said Teng.
The SDEC 2020, meanwhile, is expected to provide the opportunities for investors, entrepreneurs and corporate executives to share and discuss on the latest insights and prospects of Artificial Intelligence and FINTECH.
A prize presentation ceremony for Malaysia’s Top E-Commerce Merchants is also expected to be held on the final day of this component.
The SRIE 2020 completes the summit to solidify Selangor’s position and value in the global world of innovations by giving innovators a platform to integrate and create while encouraging direct peer engagement for higher levels of deal-making, co-investments, strategic partnerships and business networking.
Teng said that SIBS is one of the state’s key globalisation and trade initiative strategies to position Selangor as a prominent marketplace for entrepreneurs and investors to do businesses in the South East Asian region.
“It is also an initiative to position the state as a preferred investment destination across the region, making Selangor the Gateway to ASEAN,” he added.
He further reiterated that since its inception in 2015, SIBS welcomed nearly 100,000 visitors from over 50 countries, which has accumulated RM1.14 billion in negotiated transaction value.
