Virtual Selangor International Business Summit 2020 – The Jakarta Post – Jakarta Post

Virtual Selangor International Business Summit 2020: Bringing businesses together, beyond borders

The global COVID-19 pandemic has undoubtedly disrupted normal business practices and activities. But this has not stopped Invest Selangor Berhad from conducting both its normal and annual activities to attract foreign and domestic investment to Selangor, a dynamic state with huge potential in Malaysia.

Because of the COVID-19 pandemic, Invest Selangor Berhad, the state’s investment promotion agency, will hold its most prestigious annual business event, the Selangor International Business Summit (SIBS), online for the first time from Oct. 14 to 17.  

SIBS will focus on alternative solutions to provide an informative and engaging virtual experience, allowing participants to tap into the various opportunities originally developed for the onsite experience.

The summit was first organized in 2015. Since then SIBS has come leaps and bounds with the aspiration of making Selangor the “Gateway to ASEAN.”  So far, the event has welcomed almost 100,000 visitors from more than 50 countries, and accumulated a record RM1.143 billion (US$276.6 billion) in transaction value.

The 2019 SIBS hosted a record 787 booths, attracting more than 34,000 visitors and RM447.3 million in transactions, making it the most successful year since the event’s inception.

This year’s summit, despite being virtual, is expected to be just as successful as previous years, with focus to go toward creating a vibrant business platform for businesses.

The virtual SIBS 2020 will include virtual expositions, conferences and a webinar series. The four-day virtual summit will also offer online networking and business matching opportunities, allowing