Qatar’s Baladna and Türkiye’s Gürmen Group have signed a memorandum of understanding to explore building and operating a textile manufacturing facility in Syria, the companies said on Monday, adding fresh industrial investment to the country’s recovery efforts.
Baladna for Trading and Investment LLC, a subsidiary of Baladna QPSC, signed the preliminary agreement in Lusail, Doha. Ramez Al Khayyat, Baladna’s president, and Remzi Gür, honorary chairman of Gürmen Group, signed on behalf of their companies.
Under the MoU, the partners will jointly assess a potential joint venture through a feasibility study and business plan, which will determine the project’s commercial viability and implementation requirements. The facility could serve both domestic and international markets, they said. No investment value or timeline was disclosed.
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The framework aims to support industrial development, attract international expertise, encourage knowledge transfer and create jobs in Syria’s manufacturing sector and strengthen the country’s competitiveness in regional and international markets.
Marek Warzywoda, Baladna’s group chief executive, said the cooperation reflects the company’s commitment to investments that support Syria’s economic recovery, adding that Baladna sees “considerable potential” in textiles. Yasemin Gür Solmaz, Gürmen’s chairman, said Syria has a long history in textile manufacturing and a strong base of industrial knowledge and skilled talent.
Baladna is already developing an integrated dairy farm and processing facility in Syria and is working with the International Finance Corporation to develop the dairy sector and widen participation by local farmers and livestock producers. The company is also pursuing opportunities in agriculture, sugar production and strategic crops. Baladna said these initiatives are expected to create substantial direct and indirect jobs, attract international expertise and introduce modern technologies.
Founded in 1985, Gürmen Group is a Turkish business group with operations in textiles, fashion and retail, and experience in apparel manufacturing and international markets.