Higher allocation for SIBS 2022 next year

Business & Finance
26 Nov 2021 • 3:59 PM MYT
Media Selangor (EN)
Media Selangor (EN)

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By Nasuha Badrul Huzaini

SHAH ALAM, Nov 26 — The state government has allocated RM15 million to Invest Selangor Berhad to organise the Selangor International Business Summit 2022 (SIBS 2022).

Menteri Besar Dato’ Seri Amirudin Shari said the summit, in its seventh edition next year, will expand its Selangor Smart City and Digital Economy Convention (SDEC) component to include the Asean Smart City Conference.

He added that since its inception in 2015, SIBS had become a renowned brand among businesses and industry players in the region.

“The last three editions have seen over 119,647 visitors visit SIBS, with 1,621 participating exhibitors and cumulative transactions of up to RM642.69 million,” Amirudin said during the tabling of the 2022 Selangor Budget (#Selangor2022), here today.

Under the first core of #Selangor 2022, the state government has allocated a total of RM416.156 million for high-impact programmes to create a positive multiplier effect on the state’s economy chain.

The state government funded this year’s edition of SIBS via Invest Selangor with an RM11 million allocation.

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