Qatar's Baladna invests $250 million in Adra Industrial Dairy Factory
Baladna Food Industries Company in Qatar announced that it has completed all arrangements to enter the Syrian market to support the recovery efforts of the dairy sector, after announcing the signing of a consultancy cooperation agreement with the International Finance Corporation (IFC), the development arm of the World Bank Group for the private sector.
In a statement on Monday, April 26, 2026, the company confirmed that under this cooperation, it will study and evaluate the reality of supply in the market on the ground, including milk production capabilities, its collection capabilities, logistical challenges, and the extent of compliance with environmental and social standards, according to the Qatar News Agency (QNA).
$250 million investment in Adra Industrial
On Thursday, July 3, 2026, the board of directors of Baladna approved the establishment of an "integrated" industrial project for the production of milk, its derivatives and juices in Syria, with an estimated investment of $250 million.
Baladna Group CEO Marek Warzivoda said that this collaboration with IFC reflects our conviction that smallholder farmers must be part of any sustainable recovery.
He pointed out that linking any potential future investments to practical realities on the ground aims to contribute to the restoration of local dairy production in a way that supports nutrition, provides job opportunities and achieves long-term value.
"In conflict-affected environments, restoring local food production is both a development and economic priority," said IFC Regional Director for Manufacturing, Agribusiness and Services.
"This partnership is a clear example of the AgriConnect initiative, which is to build direct and practical linkages between smallholder farmers, market infrastructure, and private sector investments, ensuring that farmers are active players in resilient and inclusive value chains."
Who is Baladna Company?
Baladna Q.P.S.C. is the largest Qatari company specialized in milk and dairy production, and is a public shareholding company listed on the Qatar Stock Exchange since 2019 and was founded by Syrian businessmen Moataz and Ramez Al-Khayyat and covers more than 85% of Qatar's fresh milk needs, with continuous expansion of its production capabilities and foreign investments.
In Syria, the company is moving to establish the Adra Dairy Factory in Adra Industrial City in Damascus countryside as an integrated project for the production of milk, its derivatives and juices, with an estimated investment of up to $250 million, with the foundation stone of the factory to be laid in May 2026.
The company is working on studying agricultural projects in Deir Ezzor and Latakia, including the development of integrated farms and the revival of strategic crops such as cotton and sugar beets, as part of a trend towards building an integrated food and industrial production system inside Syria.
On the financial front, Power International Holding Group, the parent company of Baladuna, is preparing to enter the Syrian banking sector by acquiring 60% of Shahba Bank shares in addition to 30% of Syria International Islamic Bank, thereby strengthening its investment presence in both the productive and financial sectors.