TSR Capital bags infrastructure contract for mega circular city in Johor

• Ibtec is a 7,290-acre master-planned township envisioned as Southeast Asia’s first circular city, integrating advanced industries with low-carbon, sustainable living.

KUALA LUMPUR (Oct 14): Construction and property developer TSR Capital Bhd has secured a letter of award (LOA) worth approximately RM85 million through its wholly-owned subsidiary TSR Bina Sdn Bhd for the proposed construction and completion of infrastructure works at the southern land plot of Ibrahim Technopolis (Ibtec) in Kulai, Johor.

In a statement on Tuesday, TSR said that Ibtec is a 7,290-acre master-planned township in Johor. It is envisioned as Southeast Asia’s first circular city, integrating advanced industries with low-carbon, sustainable living.  

The township’s development includes the Sedenak Tech Park (STeP) East, which currently houses several data centres and has attracted investments from foreign players. 

The upcoming infrastructure works form part of the township’s ongoing development as a premier industrial and technology hub within the Iskandar Malaysia region—a key growth node identified by both the federal and state governments for data centre, high-value manufacturing, and logistics-related investments.

he contract was awarded by JLG Buildworks Sdn Bhd, which is involved in land works for the Ibtec development. 

The contract scope encompasses the execution of earthworks, drainage, road, sewerage, water reticulation, and associated ancillary works.

According to the group, the project is scheduled to commence in the fourth quarter of 2025 and is expected to be completed by the third quarter of 2027.

“Our team is fully committed to executing the project efficiently, safely, and within the stipulated timelines while upholding the high standards of quality that TSR Bina is known for,” said TSR Capital executive director Lim Dian Ping.

The group is also of the view that the project is expected to contribute positively to its revenue and earnings for the financial year ending June 30, 2026, and throughout the project’s duration.  

Lim added that the contract award is in line with TSR’s strategy to strengthen its construction order book and expand its participation in earthworks, infrastructure, industrial, and township development projects across Malaysia.

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.