KOTA KINABALU: The State Government through the Ministry of Industrial  Development and Entrepreneurship 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. 

Witnessed by Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor, the MoU marked  SBH Kibing New Solar Energy (M) Sdn Bhd's commitment to build a new six-production  line solar glass manufacturing plant in Kimanis, Papar. 

The Chief Minister said this latest development 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 as outlined in the Hala Tuju  Sabah Maju Jaya development plan has bolstered investors' confidence and in attracting  foreign companies to the state and for existing investments to expand. 

The State Government, through the Ministry of Industrial Development and  Entrepreneurship, is dedicated to coordinating and facilitating this investment to ensure  its successful implementation and to drive economic growth in the state, he said. 

SBH Kibing New Solar Energy’s new investment is estimated to be RM7.2 billion to be  carried out over three phases, creating a total of 5,000 job opportunities for Sabahans.  

Kibing Group had already invested more than RM3 billion in the silica sand processing  plant and solar glass manufacturing plant generating 1,800 jobs in Kota Kinabalu  Industrial Park (KKIP). 

The company has already 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 tons of solar glass daily, which will be doubled to 2,400 tons per day by this month  (June 2024). 

Ends