Baladna, Gurmen Group partner to explore textile manufacturing in Syria

Baladna, a Syrian entity, has entered into a memorandum of understanding (MoU) with the Turkish-based Gurmen Group. The agreement aims to explore the potential development and operation of a textile manufacturing facility in Syria. The collaboration seeks to assess the feasibility of a joint venture, focusing on bolstering industrial development, knowledge transfer, and job creation. Baladna President Ramez Al Khayyat and Gurmen Group Chairman Remzi Gur signed the MoU.

Under the agreement, Baladna and Gurmen Group will jointly evaluate the proposed facility. The cooperation is intended to support Syria's textile industry, promote technology transfer, generate employment, and enhance the country's manufacturing capabilities. Baladna's CEO Marek Warzywoda emphasized the company's commitment to investments that foster Syria's economic recovery and development.

He highlighted the significant potential of the textile industry, particularly through partnerships that merge international expertise with local capabilities. Warzywoda stated that Baladna is dedicated to constructing sustainable industries that create employment, strengthen local production, and elevate Syria's competitiveness on regional and global stages.

Gurmen Group Chairman Yasemin Gur Solmaz expressed the company's intent to explore a modern textile manufacturing operation leveraging its expertise in production, technology, and international markets. She noted that combining Baladna and Gurmen Group's strengths could result in a competitive and sustainable business while contributing to Syria's textile industry development.

Baladna is expanding its investment strategy in Syria through initiatives like the development of an integrated dairy farm and processing facility. The company is also partnering with the International Finance Corporation (IFC) to explore opportunities for developing the dairy sector and boosting local farmers' and livestock producers' participation.

As part of its broader investment strategy, Baladna is actively pursuing opportunities in agriculture and industry, including textile manufacturing, sugar production, and strategic crops.