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Qatar-based dairy and beverage manufacturer Baladna’s board of directors has approved an investment of $250 million to develop new projects in Syria.
These projects include an integrated industrial complex comprising a dairy plant, a juice processing plant, a plastic packaging manufacturing facility, and a water treatment facility, the company said in a statement to the Qatar stock exchange on Thursday.
The board also approved the setting up of a subsidiary in Egypt to provide back-office support services.
(Writing by P Deol; Editing by Anoop Menon)
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