03/04/2026 09:54 pm MYT
This week, i Capital updates on Ibraco Berhad (IBRACO), a Sarawak-based property developer and construction group with over four decades of operating history, having been established in 1971 and listed on Bursa Malaysia in 2004. Ibraco operates across six segments: property development, construction, quarrying, manufacturing, and other businesses, holding a strong presence in Kuching, Samarahan, and Bintulu, while gradually expanding into Klang Valley.
Property Pipeline - Ongoing Development
Note from Publisher
Recently, Malaysia’s Ministry of Higher Education officially approved the establishment of a branch of China’s Fudan University in Miri. This is part of a phased approach where phase 1 will see the establishment of the Fudan South East Asian (SEA) Institute of Integrative Medicine Miri Campus (research centre), phase 2 involves the establishment of the Fudan School of Medicine Miri Campus, and Phase 3 will be the setting up of Fudan University Miri Campus. The planned research centre will focus on drug development that integrates Traditional Chinese and Western medicines.
Fudan University is one of the top universities in China and the world. It is among the two leading universities in China that have received Grade A recognition in integrative medicine. A university of Fudan’s standing could change the trajectory of Miri and Sarawak’s development, creating multiplier effects on investment, talent, and connectivity.
Malaysia’s healthcare system is running a deep deficit in manpower. Of 5,000 available positions for doctors nationwide, only 538 have been filled, leaving a shortfall exceeding 4,000. By linking healthcare needs with global academic partnerships, Sarawak is attempting to solve immediate healthcare constraints while building future resilience. Building a solid education and research ecosystem will secure the long-term competitiveness of Sarawak. Malaysia needs more of such value add ventures.
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