Bepza EZ secures another major investment, inks deal with Prime Leaf Processing
With this agreement, the Bepza Economic Zone has secured a total proposed investment of $926.50 million from a total of 40 companies
The Bangladesh Export Processing Zones Authority (Bepza) continues to attract significant foreign investment as Prime Leaf Processing Company Ltd becomes the 40th company to sign a lease agreement in the Bepza Economic Zone (Bepza EZ).
The agreement was signed today at the Bepza Complex in Dhaka by Bepza member (investment promotion) Md Ashraful Kabir and Prime Leaf Processing Company Ltd Chairman Meng Li.
With this agreement, the Bepza Economic Zone has secured a total proposed investment of $926.50 million from a total of 40 companies.
Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman along with senior officials and representatives of the company, were present during the signing ceremony.
Prime Leaf Processing will invest $8.84 million to establish a tobacco processing facility in the zone. The factory aims to produce 36,000 tonnes of cut rags and cut rolled expanded stems annually, creating job opportunities for 100 Bangladeshi workers.
Speaking at the signing ceremony, Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman expressed gratitude to Prime Leaf Processing for choosing Bepza EZ.
He reaffirmed Bepza’s commitment to providing world-class support and a secure business environment, encouraging other global investors to explore opportunities in Bangladesh.
He said, “Bepza is proud to host a growing number of foreign investors, and we are excited to see Prime Leaf Processing contribute to the success of the economic zone.”
Chairman Meng Li of Prime Leaf Processing expressed optimism about the partnership, thanking Bepza for its assistance. “We aim to start operations by August 2025, and we are confident that our investment will benefit the local economy and workforce,” he remarked.
Source: The Business Standard | 02 January 2025
