Malaysia could soon have its own 'Silicon Valley' with this partnership

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Johor Corporation's (JCorp) real estate and infrastructure arm, JLand Group (JLG) and ALPS Global Holding (ALPS) are reportedly collaborating to position Malaysia as a key player in the global biotechnology (biotech) landscape.

Their collaboration will gear up to establish a biotech hub in Johor. The hub is reportedly aimed at generating an estimated gross development value (GDV) of RM980 million and will be positioned as Malaysia’s very own ‘Silicon Valley’.

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Akmal Ahmad, the director of real estate and infrastructure at JCorp and deputy chairman of JLG reportedly told media that the collaboration will signify a momentous milestone in biotechnology innovation on the global stag and will foster a thriving ecosystem.

Encompassing vaccine manufacturing and development, genomics, regenerative medicines, immunotherapy, and gene editing, the biotech hub will be located within the 7,290 acre Ibrahim Technopolis (IBTEC) in Sedenak.

Akmal reportedly added that the biotech hub will revolutionise the sector and complement the establishment of the group's data centre hub and upcoming AI hub.

Meanwhile, ALPS chief executive officer Tham Seng Kong reportedly said that the joint efforts will establish the biotech hub as the leading destination for biotechnology solutions and will draw top-tier industry leaders and talent, according to the New Straits Time.

Together, it is focused on driving innovation and excellence across the entire biotechnology value chain, from upstream processes to downstream activities, Kong reportedly said.

A+M has reached out to JCorp and ALPS for more information.

The launch follows JCorp's transformation strategy to streamline business activities and service offerings of its subsidiaries, where JLG emerged as the investment holding company to capitalise on the growing demand for strategic and sustainable real estate ventures in the region.

"As part of our sustainable growth strategy, we recognise the opportune timing to tap into new growth areas in real estate and infrastructure, by leveraging on our strengths and addressing evolving market needs in these sectors," said JCorp president and chief executive, Syed Mohamed Syed Ibrahim in a statement.

"For JCorp, the future of real estate is to build a leading entity focused on technology-enabled real estate and infrastructure in the New Economy. JLG is our platform to galvanise greater innovation and capital efficiency, therein futureproofing our value chain competencies for a sustainable business ecosystem.”

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