Qatari group develops $3.3 billion agricultural project in Syria
Baladna Food Industries is an arm of the business empire of Syrian-born business moguls Moutaz and Ramez Al-Khayyat.
Qatar's Baladna Food Industries, part of the Al-Khayyat business empire, is planning a $3.3 billion agricultural project in Syria to produce cotton, wheat, and textiles. According to The National, this investment is part of the broader effort by Gulf investors to rebuild Syria, with the aim of creating a geopolitical buffer against Iranian influence in the Levant.
Baladna has also entered into a joint venture with Abu Dhabi-based Al Dahra, a project backed by a UAE sovereign wealth fund, to develop farming techniques and assets in Syria.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
