Qatari company Baladna announced on Thursday its intention to invest in an integrated industrial project to produce milk, dairy products, and juices in Syria, with an estimated value of $250 million.
According to a statement issued by the company and published on the Qatar Stock Exchange, Baladna’s board of directors unanimously approved, during its recent meeting, the project, which is one of the largest food investments in Syria in recent years.
The statement also indicated that the board also approved the establishment of a subsidiary in Egypt, which will provide support services to the parent company, as part of its regional expansion and strengthening of its operational network.