Tiryaki Syria and Syrian Sovereign Fund establish strategic partnership for major agro-industrial investment in Syria

Tiryaki Agro group company Tiryaki Syria has entered into a strategic cooperation agreement with Syrian Sovereign Fund for the operation of the Al Alamiya Vegetable Oil Processing Plant located in Hama, marking a significant step toward strengthening Syria’s agricultural processing infrastructure.

The agreement was formally signed during a ceremony attended by Mazen Al-Salhani, Chairman of the Syrian Sovereign Fund Board of Directors; Basel Ayyoub, President of the Food and Feed Sector; Hashem Shashaa, Country Manager of Tiryaki Syria; alongside senior representatives from the participating institutions.

Under the terms of the agreement, the facility is expected to process approximately 300,000 metric tons of soybeans and 100,000 metric tons of sunflower seeds annually. At full operational capacity, the plant is projected to handle products valued at nearly USD 500 million per year.

The partnership is expected to play a strategic role in supporting Syria’s food security agenda by expanding domestic production capacity, reducing dependency on external supply channels, and contributing to the development of more resilient agricultural value chains.

The investment also reflects growing efforts to revitalize industrial production infrastructure within Syria’s agricultural sector while encouraging long-term sustainable growth across the country’s food and feed industries.