"The Malaysian state of Johor is debuting a sprawling new innovation sandbox, bolstering its plans to build a "regional champion" alongside the border with Singapore. The 7,300-acre development-named Ibrahim Technopolis (IBTEC)-is located within the Johor-Singapore Special Economic Zone, a new strategic partnership between Singapore and Malaysia meant to create over 20,000 jobs for people on both sides of the causeway. Designed to be Asia's largest innovation sandbox, it will concentrate high-value industries like medtech, logistics, data centers and agritech."
"IBTEC, formally launched on Dec. 2, will make "production smarter, supply chains more resilient and operations more efficient," said developer JLand Group, the real estate arm of Johor Corporation, in a press statement. The innovation park is part of a broader plan to tap Johor's proximity to Singapore to attract investments from high-tech industry and other advanced manufacturing. Malaysia and Singapore formally launched the special economic zone earlier this year."
"Part of the agreement involves measures to make it easier to travel back and forth between Singapore and Johor, already one of the busiest land border crossings in the world. Officials have high hopes for the SEZ. The goal is to make it a "regional champion," and not just "an industrial park with a nicer brochure," YB Lee Ting Han, chair of the Johor State Investment, Trade, Consumer Affairs and Human Resources Committee, said at the Fortune Innovation Forum on Nov. 17."
The Johor state launched Ibrahim Technopolis (IBTEC), a 7,300-acre innovation sandbox inside the Johor-Singapore Special Economic Zone. The development aims to become Asia's largest innovation sandbox, concentrating medtech, logistics, data centers and agritech to attract high-value industry and advanced manufacturing. IBTEC seeks to create over 20,000 jobs for residents on both sides of the causeway and to make production smarter, supply chains more resilient and operations more efficient. The SEZ includes measures to ease cross-border travel between Singapore and Johor. Johor positions itself as a lower-cost, land-abundant complement to Singapore's capital and speed.
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