PETALING JAYA: TSR Capital Bhd
has accepted a letter of award worth RM85mil from JLG Buildworks Sdn Bhd for the proposed construction and completion of infrastructure works at the southern land plot of Ibrahim Technopolis (IBTEC) township in Kulai, Johor.
In a statement, TSR Capital said IBTEC is a masterplanned township spanning 7,290-acres in Johor, designed to be South-East Asia’s first circular city focused on advanced industries while providing a low- carbon sustainable living experience.
“The first phase of Sedenak Tech Park (STeP) East, which currently hosts data centres, has attracted investment from foreign investors.
“The infrastructure works form part of the ongoing development of IBTEC, envisioned as a premier industrial and technology hub strategically positioned within the Iskandar Malaysia region.
TSR Capital said the area has been identified by both the Federal and Johor State Governments as a key growth node for data centres, high-value manufacturing, and logistics-based investments.
“This project marks a continuation of TSR’s growing portfolio in large-scale infrastructure development, underscoring its commitment to supporting Malaysia’s industrial transformation and technology-driven growth,” it said.
The company added that the project is scheduled to commence in the fourth quarter of 2025 and is expected to be completed by the third quarter of 2027.
“The project is anticipated to contribute positively to the group’s revenue and earnings for the financial year ending 30 June 2026, and thereafter throughout the project duration.”
