KUALA LUMPUR, 16 July 2019 – Y.A.B Tuan Amirudin Shari, Dato’ Menteri Besar Selangor announced the state aims to receive RM10 billion investments in 2019 due to global economic uncertainties.
Last year, Selangor earned RM18.9 billion with 241 approved projects.
“According to MIDA, for the first three months of 2019, Selangor has already secured an inflow of investment valued at RM1.5 billion,” Amirudin said at the official launch of the Selangor International Business Summit (SIBS) yesterday.
SIBS 2019 is scheduled to be held in October 2019 at MITEC, Kuala Lumpur with a theme of “Your Gateway to ASEAN”.
Amirudin said the summit is expected to earn RM250 million worth of negotiated trade transactions.
“We are anticipating a bigger event this year, targeting 850 booths and expecting 30,000 visitors not only from Malaysia, but also from countries in the region.” said Y.B Dato’ Teng Chang Khim, Selangor State Senior Executive Councillor (EXCO) for Investment, Industry and Commerce and SME.
Selangor International Summit has been tagged as the largest state-led trade summit, a platform for Malaysian and international companies to forge trade relations and to exchange knowledge in business and product innovation.