Doha:Baladna Q.P.S.C. has entered into a memorandum of understanding (MoU) with Gurmen Group, a Turkish-based company, to explore the potential establishment and operation of a textile manufacturing facility in Syria. The agreement sets the groundwork for both companies to assess the feasibility of developing the facility through a prospective joint venture, focusing on supporting industrial growth, transferring expertise, and creating job opportunities.
According to Qatar News Agency, the MoU was signed by Ramez Al Khayyat, President of Baladna, and Remzi Gur, Chairman of Gurmen Group. The agreement involves a collaborative evaluation of the proposed facility, aiming to bolster Syria’s textile industry through knowledge and technology transfer, job creation, and the enhancement of the country’s manufacturing capabilities.
Baladna Group CEO Marek Warzywoda emphasized that the collaboration with Gurmen Group demonstrates the company’s dedication to investing in Syria’s economic recovery and the advancement of its productive sectors. He highlighted the significant potential of the textile industry, particularly through partnerships that integrate international industrial expertise with local resources. Baladna’s objective is to contribute to the establishment of sustainable industries that create jobs, bolster local production, and enhance Syria’s competitiveness in both regional and international markets.
Gurmen Group Chairman Yasemin Gur Solmaz expressed that the partnership aims to develop a modern textile manufacturing operation by leveraging the company’s production, technology, and market experience. She noted that the combined strengths of both companies could lead to the creation of a competitive and sustainable business, aiding the growth of Syria’s textile sector.
Baladna is also advancing its investment strategy in Syria by planning an integrated dairy farm and processing facility, alongside strategic partnerships to strengthen local production and support food security. Additionally, the company is working with the International Finance Corporation (IFC) to explore the development of the dairy sector and expand local farmer and livestock producer participation.
As part of its broader investment strategy, Baladna is pursuing opportunities in agriculture and industry, including textile manufacturing, sugar production, and strategic crops.