Türkiye’s Gormen Group and Qatar’s Baladna study textile plant in Syria

A memorandum of understanding signed in Lusail paves the way for a feasibility study on a joint textile manufacturing project in Syria serving local and foreign markets.

Baladna Trading and Investment Company, a subsidiary of Qatar’s Baladna Group, signed a memorandum of understanding with Türkiye’s Gormen Group to explore establishing and operating a textile manufacturing facility in Syria as part of a potential joint project between the two sides.

The memorandum was signed on November 9 in Lusail, Doha, by Baladna President Ramez Al-Khayyat and Gormen Group Honorary Chairman Ramzi Gor, in the presence of Gormen Chairwoman Yasemin Gor Solmaz and several senior officials from both companies.

Joint feasibility study

Under the memorandum, the two companies will prepare a feasibility study and business plan to determine the project’s commercial viability and implementation requirements. The facility will target the Syrian market and international markets. The cooperation aims to transfer expertise, create jobs and strengthen Syria’s industrial capabilities.

Yasemin Gor Solmaz said Syria has a long history in textile manufacturing, along with an industrial knowledge base and skilled workforce. She added that Gormen is seeking to develop a modern facility with Baladna that draws on its expertise in production, technology and international markets.

Expansion of investment in Syria

Baladna Group CEO Marek Warzywoda said the partnership reflects the company’s commitment to exploring investments that support Syria’s economic recovery and develop its productive sectors. Baladna is working in Syria on an integrated dairy farm and processing facility project and is exploring opportunities in agriculture and industry, including textiles, sugar production and strategic crops.

Türkiye’s Gormen Group and Qatar’s Baladna study textile plant in Syria

A memorandum of understanding signed in Lusail paves the way for a feasibility study on a joint textile manufacturing project in Syria serving local and foreign markets.