Selangor ASEAN Business Conference "SABC" 2025

Date: Wednesday, October 8, 2025

Venue: Selangor International Business Summit (SIBS)

Category: Launching Ceremony

🏛 Opening Remarks and Acknowledgements

• Warm congratulatory message on the marriage of Tun Dr. Mahathir Mohamad (Tun M), accompanied by prayers for his continued happiness and the prosperity of Selangor and Malaysia.

• Recognition of distinguished guests including the Deputy Prime Minister, senior state officials, foreign investors, and ASEAN business leaders.

• Special appreciation extended to MITI and Invest Selangor for their unwavering efforts in positioning Selangor as Malaysia’s top investment hub.

🌏 Economic Significance of SABC within SIBS

• Since its launch in 2015, SIBS has recorded over 312,000 visitors in 10 years, making it one of Southeast Asia’s leading business summits.

• In 2024, the event hosted nearly 1,000 exhibitors, and continues to evolve as a premier platform for government-private collaboration, B2B networking, and investment facilitation.

• The conference emphasized SABC’s role as a gateway for ASEAN trade, innovation exchange, and regional policy dialogue.

🚀 Economic Strengths & Infrastructure of Selangor

• Selangor contributes 26.2% of Malaysia’s GDP, with a population of 7.3 million and strategic assets such as Port Klang, KLIA, and Subang Airport.

• Supported by extensive highway networks, emerging industrial zones like Integrated Public Investment Sites (IPIS), and the highest number of universities in Malaysia, Selangor continues to attract skilled talent and global investors.

• The Speed Selangor initiative and 100-Day Policy were introduced to streamline approvals and fast-track business operations.

• The State Government is committed to creating 100,000 high-value jobs in the current term.

🔋 New Industrial Frontiers and the Green Economy

• Focus areas include semiconductors, aerospace, rail technology, and life sciences.

• Establishment of the IC Design Park positions Selangor as a complementary ecosystem to Penang’s semiconductor cluster.

• Launch of Selangor Aeropark marks a major step in expanding MRO (Maintenance, Repair & Overhaul) and regional cargo capabilities.

• Introduction of the Selangor Agenda for Green Economy (SAGE), targeting clean energy, circular economy models, and green mobility.

🤝 ASEAN Integration and Regional Outlook

• Selangor reaffirmed its pivotal role in driving Malaysia’s and ASEAN’s economic resilience.

• With ASEAN projected to grow by 4.7% in 2024, Malaysia’s chairmanship focuses on inclusive growth, digitalization, and sustainable trade integration.

• The conference highlighted the urgency of regional cooperation amid global pressures such as trade protectionism, geopolitical shifts, and climate challenges.

• Emphasis was placed on strengthening ASEAN supply chains, investing in clean energy, and enhancing digital infrastructure to sustain competitiveness.

📈 SABC 2024–2025 Achievements

• SABC 2024 attracted over 50,000 participants, generating business transactions exceeding RM13.86 billion.

• The 2025 edition aims to surpass these records through broader international participation, new investment dialogues, and cross-sectoral collaboration.

• Key panels spotlight aerospace leadership, green economy growth, and industrial digitalization.

🧭 Strategic Action Points

Focus Area	Recommended Action
Public–Private Collaboration	Continue fostering cooperation between state, federal, and private sectors to ensure effective rollout of Speed Selangor and SAGE initiatives.
Investment Promotion	Prioritize targeted investments in semiconductors, aerospace, rail systems, and life sciences.
Impact Evaluation	Monitor and evaluate SIBS/SABC 2025 outcomes to measure economic impact and job creation.
Sustainable Development	Introduce follow-up programs promoting green investment and inclusive regional growth.

🏁 Closing Note

SABC reaffirmed Selangor’s role as a regional economic powerhouse and a bridge between Malaysia and ASEAN markets, offering a platform where policy, innovation, and investment intersect to drive sustainable and inclusive growth across Southeast Asia.