The global Covid-19 pandemic and the need for social distancing has disrupted ‘traditional’ ways in which businesses and enterprises operate, with stricter borders and face-to-face meetings.
While the global economy appears to be increasingly subject to new restrictions and limitations, the annual Selangor International Business Summit (SIBS) is going online this year from 14-17 October 2020. This alternative solution will provide an informative and engaging virtual experience, allowing participants to tap into various opportunities that were originally developed for the on-site experience.
SIBS has grown substantially since its inception in 2015, with the aspiration of making Selangor the Gateway to ASEAN. Since then, the event has welcomed almost 100,000 visitors from over 50 countries, and accumulated RM1.143 billion ($276.6 million) in transaction value.
The event last year saw a rise to new heights with 787 booths, more than 34,000 visitors and RM447.3 million ($108.3 million) in transaction value, marking SIBS2019 as the biggest success since its inception.
This year’s edition, although going virtual, is expected to be as successful as previous years, with the virtual focus creating a more vibrant business platform for businesses. Virtual SIBS2020 will include a virtual exposition, conference and webinar series. The four-day virtual summit also offers online networking and business matching opportunities, allowing a larger group of business representatives as well as attendees to discover, connect and network.
According to Dato’ Hasan Azhari Hj Idris, CEO of Invest Selangor