Baladna and Gürmen Group Sign Memorandum of Understanding to Develop Textile Manufacturing in Syria

 

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. The agreement establishes a framework for cooperation aimed at supporting industrial development, attracting international expertise and creating new opportunities for local manufacturing and employment.

The MoU was signed today at Eighteeth Tower in Lusail, Doha, by Ramez Al Khayyat, Baladna’s President, and Remzi Gür, Chairman of Gürmen Group. The signing ceremony was attended by Saifullah Khan, Group Chief Finance and Investment Officer of Baladna, Paul Kenny, Chief Executive Officer, and Yasemin Gür Solmaz, Chairman of Gürmen Group, alongside senior executives and representatives from both companies.

Under the MoU, the two companies will jointly assess the feasibility of establishing and operating a textile manufacturing facility in Syria through a potential joint venture. The collaboration brings together their respective expertise and capabilities to explore opportunities for developing a competitive textile manufacturing business, with the potential to serve both domestic and international markets.

The cooperation aims to support the development of the local textile industry, encourage knowledge transfer, create employment opportunities and strengthen Syria’s manufacturing capabilities. The proposed project will be evaluated through a joint feasibility study and business plan to determine its commercial viability and implementation requirements.

Marek Warzywoda, Group Chief Executive Officer of Baladna, said: “Our cooperation with Gürmen Group reflects our commitment to exploring investments that support Syria’s economic recovery and the development of its productive sectors. We see considerable potential in the textile industry, particularly through partnerships that combine international industrial expertise with local capabilities. Our ambition is to contribute to building sustainable industries that create employment opportunities, strengthen local production and support Syria’s competitiveness in regional and international markets.”

Yasemin Gür Solmaz, Chairman of Gürmen Group, added: “Syria has a long history in textile manufacturing and a strong foundation of industrial knowledge and skilled talent. Through our cooperation with Baladna, we aim to explore the development of a modern textile manufacturing operation that benefits from our experience in production, technology and international markets. We believe that combining our respective strengths can help establish a competitive and sustainable business while contributing to the development of the local textile industry.”

Baladna continues to advance its investment strategy in Syria through the development of an integrated dairy farm and processing facility, alongside strategic partnerships aimed at strengthening local production and supporting the country’s food security. The company is also collaborating with the International Finance Corporation to explore opportunities to develop the dairy sector and expand the participation of local farmers and livestock producers.

As part of its broader investment plans, Baladna is pursuing opportunities across agriculture and industry, including textile manufacturing, sugar production and strategic crops. These initiatives are expected to have a significant impact on employment, creating substantial direct and indirect job opportunities, attract international expertise and introduce modern technologies, contributing to the recovery of Syria’s productive sectors and long-term economic growth.

Founded in 1985, Gürmen Group is a prominent Turkish business group with operations in textiles, fashion and retail. The group has extensive experience in apparel manufacturing, industrial operations and international markets, bringing technical knowledge and operational capabilities to the proposed cooperation.