Selangor eyes RM8bil deal flow from summit
PETALING JAYA: Selangor is targeting RM8 billion in potential transaction value and at least 500 high-impact business matching meetings at the 10th Selangor International Business Summit (SIBS) 2026.
Selangor aims to attract RM8 billion in potential transaction value and 500 high-impact business matching meetings at the 10th Selangor International Business Summit (SIBS) 2026. State officials emphasize the summit's focus on attracting higher-value investments and elevating the quality of incoming investments, positioning SIBS 2026 as the premier launchpad for cross-border partnerships and Selangor's primary gateway to Asean.
The summit will support the state's Rancangan Selangor Kedua (RS-2), a five-year strategy targeting 6.1% average annual GDP growth, RM330 billion in cumulative investments, and a 2.2% unemployment rate by 2030. Selangor currently ranks first among Malaysian states with RM33.1 billion in approved investments in Q1, with confidence that incoming investments will remain high in subsequent quarters.
Key sectors for investment include electrical and electronics, aerospace, automotive, digital economy, and creative economy. The 10th SIBS will be held Oct 14-17 at the Kuala Lumpur Convention Centre, featuring programs on investment, trade, technology, and talent development, including the Selangor Asean Business Conference, Selangor Investment Forum, and the third EU-Malaysia Business Day.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
