Baladna, Gürmen Group sign Memorandum of Understanding to develop textile manufacturing in Syria
<p>Lusail, Qatar: Baladna for Trading and Investment L.L.C. (“Baladna”), a subsidiary of Baladna Q.P.S.C., signed a memorandum of understanding (MoU) with Türkiye-based Gürmen Group to explore the development and operation of a textile manufacturing facility in Syria.</p> <p>The agreement establishes a framework for cooperation aimed at supporting industrial development,…
Qatar-based Baladna Trading and Investment L.L.C., a subsidiary of Baladna Q.P.S.C., has signed a memorandum of understanding (MoU) with Gürmen Group, a Turkey-based company, to explore the development and operation of a textile manufacturing facility in Syria. The agreement, signed in Lusail, Doha, aims to bolster industrial development, attract international expertise, and create employment opportunities in Syria.
Baladna's President, Ramez Al Khayyat, and Gürmen Group's Honorary Chairman of Board, Remzi Gür, signed the MoU alongside senior executives from both companies. The partnership seeks to assess the feasibility of establishing a textile manufacturing joint venture, utilizing each company's expertise to develop a competitive business in textiles for both local and international markets.
The cooperation between Baladna and Gürmen Group aims to support Syria's textile industry development, encourage knowledge transfer, create jobs, and strengthen Syria's manufacturing capabilities. The proposed project will undergo a joint feasibility study to determine its commercial viability and implementation requirements.
Commenting on the collaboration, Baladna Group CEO, Marek Warzywoda, expressed optimism about the prospects for Syria's textile industry, emphasizing the potential for creating employment and strengthening local production through the partnership. Gürmen Group Chairman, Yasemin Gür Solmaz, highlighted Syria's rich history in textile manufacturing and the group's intent to leverage their combined strengths to establish a modern, competitive, and sustainable business.
Baladna's investment initiatives in Syria also include the development of an integrated dairy farm and processing facility, as well as strategic partnerships to bolster local production and food security. The company is further collaborating with the International Finance Corporation to explore opportunities in dairy sector development and the expansion of local farmers and livestock producers.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
