Sustainable development the thrust of JLG


“Covering 2,832ha, Ibtec is designed to be a world-class smart and sustainable project," said Syed Mohamed.

JOHOR BARU: Johor Corp’s (JCorp) subsidiary, JLand Group Sdn Bhd (JLG), is working with international consultants to create a world-class smart and sustainable development called Ibrahim Technopolis (Ibtec) in Johor.

JCorp president and chief executive Datuk Syed Mohamed Syed Ibrahim said this is in line with the company’s aim to become an end-to-end real estate solutions provider by implementing sustainable development strategies.

“In addition to the successful data centre hub of Sedenak Tech Park, our upcoming flagship project, the smart, integrated industrial township of Ibtec, will be built similarly.

“Covering 2,832ha, Ibtec is designed to be a world-class smart and sustainable project, and we are working with international experts to make it the global benchmark for the next generation of sustainable development,” he said in his speech at the opening of the Johor Conversations: A Sustainable Johor Rooted in Resilience programme here yesterday.

The programme was officiated by Johor tourism, environment, heritage and culture committee chairman K. Raven Kumar.

JLG had previously signed a memorandum of understanding with Mitsui & Co (M) Sdn Bhd to develop a hyperscale data centre and a renewable energy facility in the form of a captive solar farm to power data centres in the Sedenak Tech Park, which is part of the Ibtec development in Johor.

Meanwhile, Syed Mohamed said the issue of climate change has reached a critical stage, where it has caused grave and dire consequences.

“It is essential that we clearly analyse the areas that require our urgent attention to develop a prudent, innovative adaptation and mitigation strategy, which should include the implementation of energy transition solutions.

“The Energy Transitions Commission based in the United Kingdom has called for stronger government policies and financial system to realise energy transition objectives. It looks into the need for financial support and investment capacity to build a net-zero global economy.

“It is said that US$3.5 trillion (RM15.4 trillion) of capital investment per year would be needed on average between now and 2050 to build a net-zero global economy, up from US$1 trillion (RM4.4 trillion) per annum.

“Of this, 70% is required for low-carbon power generation, transmission, and distribution, which underpins decarbonisation in almost all sectors of the economy,” he said.

This reflected a key emphasis on the involvement of multi-sectoral stakeholders to achieve net-zero goals on our own turf, Syed Mohamed added.

“Johor has also experienced the impact of climate change due to recurring floods.

“In addressing this, the state government has demonstrated its swift action with the formation of the state’s climate change and disaster management committee to cultivate environmentally friendly habits, maintaining cleanliness and reducing pollution,” he said.

Syed Mohamed said JCorp has been at the forefront of championing the drive to enhance the prospects and economic well-being of Johor.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

JCorp , realestate , solutions , datacentre , JLand

   

Next In Business News

Oil eases on weak US fuel demand, profit-taking
Boston office slump sets up US$400mil burden for residents
Investor confidence returns to US IPOs
The e-invoicing dilemma
International reserves at US$113.6bil
AmBank aiming big in hire-purchase segment
G3 Global’s third cash call raises eyebrows
Sik Cheong seeking ACE Market listing
Supporting the shift to a cashless society
Anwar: GDP growth to hit official 4% to 5% target

Others Also Read