By Yasmin Ramlan
KUALA LUMPUR, July 27 — The first series of the three-day Selangor International Business Summit (SIBS) 2024, which ends today, is expected to contribute half of the summit’s overall target of RM7 billion in potential transaction value.
Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris said that similar to the previous year, the majority of the figure is contributed from the Selangor Investment Industrial Park Expo (SPARK), where various MOUs were signed and collaborations established.
“We are aiming to achieve approximately 50 to 60 per cent of the target for the series,” he told the press today when asked about the expected achievement from the targeted total transaction value.
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Invest Selangor Bhd (Invest Selangor) chief executive officer Datuk Hasan Azhari Idris at the first series of the Selangor International Business Summit 2024 at the Kuala Lumpur Convention Centre, Kuala Lumpur, on July 27, 2024. — Picture by NUR ADIBAH AHMAD IZAM/MEDIASELANGOR[/caption]
“This is because last year, the majority of the number came from SPARK. Because various collaborations and memoranda of understanding were signed by many states. Hence, we have to wait for their feedback,” Hasan said.
He added that Invest Selangor will also issue a statement once the final records from exhibitors are compiled.
Previously, it was reported that SIBS 2024 is expected to generate RM7 billion in sales transactions, compared to the recorded RM6.12 billion for last year.
Meanwhile, the updated Selangor Soft Landing programme featured earlier today saw the addition of three co-working spaces for potential investors.
The additional spaces are located in Kuala Lumpur and Damansara, namely TusStar, Worq, and Common Ground.
Hasan said that previously, the spaces were only available at the Selangor Information Technology and Digital Economy Corporation office in Shah Alam and at Cyberview in Cyberjaya.
The expansion of more locations and collaborations with co-working space operators aim to attract more investors and offer additional options.
In March, the state government launched the Selangor Soft Landing programme to help potential investors better understand the business ecosystem here and facilitate a smooth transition into the local market.
The programme makes Selangor the first state in Malaysia to introduce such an initiative, highlighting Selangor as the preferred destination for investment by showcasing itself as an investor-friendly state.
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A view of the visitors milling about the exhibits during the first series of the Selangor International Business Summit 2024 at the Kuala Lumpur Convention Centre, Kuala Lumpur, on July 27, 2024. — Picture by NUR ADIBAH AHMAD IZAM/MEDIASELANGOR[/caption]
