Why Beirut is allocating $39 million this year for cigarette production

albawaba

Lebanon’s tobacco regulatory authority has allocated around $39 million to increase its production of Lebanese cigarettes. Prompted by an increase in demand, both locally and in Syria, the ultimate goal of the investment is to increase production capacity in Lebanon to 50,000 crates per month, around 60 percent of current local consumption.

According to sources familiar with the Lebanese tobacco market, the Régie Libanaise des Tabacs et Tombacs, Lebanon’s tobacco regulatory authority, plans to boost its cigarette production to 50,000 crates a month. As part of the authority’s five-year plan, millions of dollars have been allocated to improve its cigarette factory, increase output, and develop two new cigarette brands.

Source: Al Bawaba FULL STORY