PETALING JAYA: Johor Corp’s (JCorp) Ibrahim International Business District (IIBD), which has been successfully gazetted, is set to be the impetus to propel Johor Baru into a world-class business district.
In a statement yesterday, JCorp said IIBD’s strategic position serves as a catalyst to bring the state of Johor closer towards its vision of being the southern economic powerhouse.
“Since the launch of the IIBD Blueprint in mid-2016, JCorp as the key enabler to spearhead the development of IIBD, has worked closely with relevant authorities within the state and federal governments to promote the involvement of various stakeholders in joint effort to co-create the international business district of Johor Baru with its citizens.”
The IIBD Blueprint is a subset of the Rancangan Tempatan Daerah Johor Baru 2025 to drive corporate governance and implement strategic land use planning for the current central business district of Johor Baru.
“The strategic planning of this transformation plan takes into account short-term and long-term plans that are currently in line with the established phases,” said JCorp.
The IIBD is located within the Southern Johor Economic Region and Daerah Sentral of Johor Baru, covering approximately 250 acres with an estimated gross development value of a minimum of RM20bil.