Chief Minister: Proof State Government’s efforts effective’
Published on: Monday, June 17, 2024
Chief Minister Datuk Seri Hajiji Noor (middle) and Kibing Group Chairman Yu Qibing witnessing the MoU signing ceremony. (JKM pic)
THE State Government through the State Industrial Development and Entrepreneurship Ministry inked a Memorandum of Understanding (MoU) with Kibing Group’s subsidiary, SBH Kibing New Solar Energy (M) Sdn Bhd to expand its investment in Sabah.
The MoU marked SBH Kibing New Solar Energy (M) Sdn Bhd’s commitment to build a RM7.2 billion new six-production line solar glass manufacturing plant in Kimanis, Papar.
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Chief Minister Datuk Seri Hajiji Noor witnessed the signing at the company’s office in Kota Kinabalu Industrial Park (KKIP), Kota Kinabalu, on June 11.
The State Government was represented by the Ministry’s Permanent Secretary Datuk Thomas Logijin and State Attorney General Datuk Nor Aisah Mohd Yusof while Celine Lee and William Chen represented Kibing.
Hajiji said the State Government welcomed such a huge investment that brings in technologies and job opportunities for young Sabahans, adding this latest development also proved that the State Government’s efforts to accelerate the growth of its industrial sector have been effective.
He stressed that the “Sabah Investor-Friendly” initiative outlined in the Hala Tuju Sabah Maju Jaya development plan has bolstered investor confidence, attracted foreign companies to the State and expanded existing investments.
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He said the State Government, through the Ministry, is dedicated to coordinating and facilitating this investment to ensure its successful implementation and to drive economic growth in the State.
SBH Kibing New Solar Energy’s new investment is estimated would be carried out over three phases, creating 5,000 job opportunities for Sabahans.
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Kibing Group has already invested more than RM3 billion in the silica sand processing plant and solar glass manufacturing plant generating 1,800 jobs in KKIP.
The company has also added a third production line to its existing facility in KKIP representing an additional investment estimated at RM700 million and creating approximately 600 additional job opportunities.
SBH Kibing New Solar Energy (M) Sdn Bhd manufacturing plant currently produces 1,200 tonnes of solar glass daily, which will be doubled to 2,400 tonnes per day by this month (June 2024).
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