JLand Group received investments totalling RM45.6bil in 2022, says JCorp CEO
17 Jan 2023
JLand Group Sdn Bhd (JLG), a wholly owned subsidiary of Johor Corporation (JCorp), garnered investments of RM45.6bil in 2022, says JCorp president and chief executive officer Datuk Syed Mohamed Syed Ibrahim.
These investments came from several strategic collaborations established with renowned cross-industry players globally and in the region in sectors such as logistics, data centres and renewable energy, he said.
“We have already begun taking forward strides in establishing our business presence since last year, which has garnered RM45.6bil in investments for 2022.
“JLG’s portfolio spans across diversified real estate activities and investments, including integrated parks, industrial, logistics, and data centres, just to name a few,” he said.
He said this during a speech at the JLG officiating ceremony at Menara Komtar, Johor Baru City Centre here on Tuesday (Jan 17).
The programme was officiated by Johor Mentri Besar Datuk Onn Hafiz Ghazi, who is also JCorp chairman.
Also present were Johor state secretary Tan Sri Dr Azmi Rohani and Johor housing and local government committee chairman Datuk Mohd Jafni Md Shukor.
Syed Mohamed, who is also JLG chairman, added that this was just the beginning of more to come for JLG as the company mobilises diversified growth and high-value investments through local, regional, and international ventures.
“Moving forward, we have earmarked future investments and potential initiatives that will further entrench our footprint in the New Economy.
“As part of our commitment to fortifying the nation’s progress toward the digital economy, we are also exploring infrastructure investment in a fibre network to expand data connectivity spanning from East to West of Peninsular Malaysia,” he added.
The renewable energy sector also presented an immense potential for investment, he said.
“In line with our sustainability agenda, we are vested in the development of green and clean energy projects such as large-scale solar farms and co-generation plants for industrial power production; investment in electric vehicle (EV) charging stations for commercial consumption; as well as rooftop solar panels for residential developments.
“The future of real estate is here to stay, and I would like to extend an invitation to our communities of investors, businesses, and enterprises to join us on this pioneering journey not only in Malaysia, but also in the larger Asia Pacific region,” he said.
Source: The Star