KOTA KINABALU (June 11): Kibing Group's subsidiary, SBH Kibing New Solar Energy (M) Sdn Bhd (SBH Kibing), is set to make a significant investment of RM7.2 billion to build a new six-production line solar glass manufacturing plant in Kimanis, Papar.

The company had signed a memorandum of understanding (MOU) with the Sabah state government via the state’s Industrial Development and Entrepreneurship Ministry, marking its commitment to its latest venture.

The Kibing Group has already invested more than RM3 billion in the silica sand processing plant and solar glass manufacturing plant in Kota Kinabalu Industrial Park (KKIP). 

In a statement on Tuesday, the state government said SBH Kibing’s RM7.2 billion investment is expected to create 5,000 job opportunities for Sabahans.

Sabah Chief Minister Datuk Seri Hajiji Noor said the state government, through the ministry, is committed to coordinating and facilitating this investment to ensure its successful implementation and to drive economic growth in the state.

He noted that initiatives like the "Sabah Investor-Friendly" campaign, as outlined in the Hala Tuju Sabah Maju Jaya development plan, have enhanced investors’ confidence and attracted foreign companies to the state, at the same time encouraging existing companies to expand.

SBH Kibing’s manufacturing plant currently produces 1,200 tonnes of solar glass daily, which will be doubled to 2,400 tonnes daily starting this month.

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