JOHOR BAHARU, May 12 — Johor Corporation (JCorp), which is in the midst of finalising the Ibrahim International Business District (IIBD) masterplan, hopes to conclude it by the end of the month.
Its President and Chief Executive, Datuk Kamaruzzaman Abu Kassim said the masterplan would be concluded after getting the state government’s approval.
“We can say that the necessary input has been obtained from the relevant stakeholders and the groundwork on the first catalyst of the project, which is the Coronation Square, has already started,” he told reporters after launching the Let’s Co-create IIBD campaign here Thursday.
One of the components of the Coronation Square is a double-deck flyover linking Jalan Tun Abdul Razak to Jalan Tebrau Interchange for a distance of less than half a kilometre.
Apart from that, JCorp, which is the main developer of IIBD, plans to develop a covered pedestrian walkway (sky bridge) linking JB Sentral, Komtar JBCC, City Square and Johor International Convention Centre (Persada) to the Coronation Square.
“Both of the developments will cost over RM200 million,” Kamaruzzaman said.
Launched by the Sultan of Johor Sultan Ibrahim Almarhum Sultan Iskandar in November last year, IIBD is set to position Johor Baharu as the second biggest city in Malaysia after Kuala Lumpur through its swift transformation in attracting businesses, both local and international.
Kamaruzamman said in the quest to lure international companies to IIBD, JCorp would appoint an international marketing agent to promote its development.
As for now, several investors, including from South Korea, have shown strong interest to open their office at IIBD, he added.