Turkey’s Richest Man to Invest €400 Million in Croatia

Turkish billionaire Ferit Faik Sahenk, who is in Croatia this week to negotiate the purchase of a luxury hotel and apartment complex in Dubrovnik, says that his company will invest 400 Million EUR in various tourism projects…

Sahenk is the Chairman of Turkey’s Doğuş Holding conglomerate and richest person in Turkey, with a personal fortune estimated at 3,4 billion USD. Doğuş have already invested around 200 million EUR in Dalmatia, and the Turkish company plans to be one of the largest investors in Croatia.

Doğuş Holding is one of the top three largest private-sector conglomerates in Turkey, with a portfolio of 25 companies that cross industry verticals, including one of Turkey’s largest banks, Garanti Bank, as well as high-end Porsche, Audi, and Volkswagen dealerships, retail and food stores, construction companies, media and tourism businesses.

“You have fantastic nature, a fantastic geographical position, you are blessed and lucky that your country so far is on a good path in tourism, and has the opportunity to become one of the most attractive spots for tourism, especially nautical and coastal tourism, so the eastern coast of the Adriatic and Aegean part of Greece and Turkey could become the next destination,” Sahenk told daily Jutarnji list, adding that he hopes to employ around 600 Croatians via his company’s investment projects which include hotels, apartments and marinas.