Baladna and Gürmen explore Syria textile plant

Baladna Q.P.S.C. and Turkey-based Gürmen Group have signed a memorandum of understanding to assess a textile manufacturing facility in Syria. The agreement could lead to a joint venture.

The companies will jointly evaluate the project’s feasibility, commercial viability and implementation requirements through a feasibility study and business plan. No investment value, production capacity or timetable has been disclosed.