Hajiji and Kibing Group Chairman Yu Qibing witnessing the MoU signing ceremony. The State Government is represented by Industrial Development and Entrepreneurship Ministry’s Permanent Secretary Datuk Thomas Logijin (seated, second left) and State Attorney General Datuk Nor Aisah Mohd Yusof (seated, left) while Kibing is represented by Celine Lee (seated, second right) and William Chen (seated, right).
KOTA KINABALU: The State Government through the 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.
Witnessed by Chief Minister Datuk Seri Haji Hajiji Haji Noor in a ceremony held at SBH Kibing New Solar Energy (M) Sdn Bhd’s office in Kota Kinabalu Industrial Park (KKIP) here today, 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 Industrial Development and Entrepreneurship Ministry, 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 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 tonnes of solar glass daily, which will be doubled to 2,400 tonnes per day by this month (June 2024).
Also present were Deputy Chief Minister II cum Local Government and Housing Minister Datuk Seri Dr Joachim Gunsalam, Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe, Rural Development Minister Datuk Jahid Jahim and China Consul General in Kota Kinabalu Dr Huang Shifang, among others.
