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- IBTEC is a large 7,290-acre township in Johor, part of the Johor-Singapore Special Economic Zone, aimed at boosting cross-border investment, digital infrastructure and sustainable urban growth.
KUALA LUMPUR (Sept 17): Advancecon Holdings Bhd’s (KL:ADVCON) unit has won a RM66.9 million contract from JLG Technopark to carry out earthworks and related tasks for phase one of Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor. The project undertaken by Advancecon Infra Sdn Bhd will take 16 months starting Sept 24, 2025.
IBTEC is a large 7,290-acre township in Johor, part of the Johor-Singapore Special Economic Zone, aimed at boosting cross-border investment, digital infrastructure and sustainable urban growth.
In a statement, Advancecon said the contract strengthens Advancecon’s presence in Johor and gives them a chance to be part of an important new township development.
Advancecon’s CEO Datuk Phum Ang Kia, said the project supports Johor’s growth goals and aligns with their commitment to building long-term infrastructure that promotes economic growth and sustainability.
Advancecon plans to continue using its expertise in earthworks, construction and renewable energy to be a key player in Malaysia’s growing infrastructure projects.
Advancecon’s share price was down 2.27% to 21.5 sen at noon break, giving it a market capitalisation of RM123.6 million. Year-to-date it is down 17.31%.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
