Sedenak: IJM Land Bhd has formalised a joint venture with Southern Catalyst Sdn Bhd to develop a RM1.96 billion industrial park in Sedenak, Johor, within the Johor-Singapore Special Economic Zone (JS-SEZ).
According to BERNAMA News Agency, Southern Catalyst is a Ministry of Finance Incorporated-linked company and master developer of the Southern Catalyst Innovation District in Sedenak. The development, with an estimated gross development value of RM1.96 billion, is expected to be undertaken over six to eight years.
The project is conceived as a future-ready industrial park designed to support high-value industries aligned with the growth priorities of the JS-SEZ, including advanced manufacturing, biopharmaceuticals, renewable energy, integrated logistics, agri-tech, and food technology. The partnership will be undertaken through a JV company, IJM Land Sedenak Sdn Bhd, in which IJM Land holds a 70 percent equity stake while Southern Catalyst holds the remaining 30 percent.
The collaboration emphasizes broader cross-border cooperation to accelerate industrial growth within the JS-SEZ corridor. By aligning the development with national and regional economic priorities, the project is expected to contribute towards investment inflows, job creation, and the advancement of high-value industries in Johor.
IJM Land Chief Executive Officer Datuk Tony Ling Thou Lung mentioned that the strategic partnership marks a significant step in IJM Land's industrial expansion strategy, enabling the group to participate in a strategically located, master-planned development within a key growth corridor. Beyond strengthening the revenue pipeline, the project allows the development of greater depth and capability in the industrial space, while contributing to Johor's broader ambitions as a regional hub for advanced industries, innovation, and cross-border economic activity.
Southern Catalyst Chief Operating Officer Mohd Shahreza Maswan highlighted that Sedenak has strong potential to emerge as a key regional logistics and industrial hub. The JV with IJM Land marks a significant milestone in accelerating the development of an integrated, full-chain industrial ecosystem, spanning advanced research and development, smart logistics infrastructure, and next-generation manufacturing capabilities. By harnessing complementary strengths, the aim is to establish a new benchmark for sustainable eco-industrial development, attract high-quality global investments, and further strengthen Johor's position as a leading regional gateway for innovation-driven and sustainable economic growth.