Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, is pleased to announce that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“AISB”), has accepted a Letter of Acceptance (“LOA”) from JLG Technopark Sdn. Bhd. for the proposed construction and completion of earthworks and ancillary works for Package 1 of Phase 1 at Southern Ibrahim Technopolis (“IBTEC”), Kulai, Johor Darul Ta’zim valued at RM66.9 Million.
IBTEC is a flagship 7,290-acre township development located in Sedenak, Johor, designated in 2021 as the sixth flagship zone (Zone F) of Iskandar Malaysia.
The development has been planned as a major circular city within the Johor-Singapore Special Economic Zone (“JS-SEZ”), which is expected to be a transformative driver of cross-border investment, digital infrastructure, and sustainable urbanisation.
This latest win further strengthens Advancecon’s footprint in Johor, where the Group is steadily building a reputation as a trusted earthworks and civil engineering partner.
The project also represents an opportunity for Advancecon to participate in the early development stages of one of Malaysia’s most ambitious township and economic zone initiatives.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad commented,
“We are proud to contribute to the groundwork of IBTEC, a strategic township within the Johor-Singapore Special Economic Zone that symbolises Johor’s growth aspirations.
This project not only enhances our presence in Johor but also aligns with our commitment to building infrastructure that supports long-term economic development, sustainability, and connectivity.”
Looking ahead, Advancecon remains committed to leveraging its core competencies in earthworks, quarry, construction, and renewable energy to position itself as a partner of choice in Malaysia’s fast-growing infrastructure and township development landscape.
For more information, please visit https://www.advancecon.com.my/.
