Japanese tourism giant HIS to partner with Dorak of Turkey for US$ 600 million investment

Japanese tourism giant HIS to partner with Dorak of Turkey for US$ 600 million investment
Posted on: 19 Oct 2018

Despite the recent unfavourable press, Turkey is still a favorite of investors with its strong financial structure. In fact, growing Turkish economy continues to receive significant foreign investments.

Most recently, HIS Global Holding a major Japanese group in the tourism sector has decided to make new investments in Turkey, together with Dorak group which is a reputable holding company located in Istanbul. It is reported that the size of the hotel investment of the partnership's targets will reach US$ 600 million. The HIS (Highest International Standards) Group is known to be among the world's largest tour operators and realizes a turnover of US$ 6 billion with a group of 16 thousand employees.

HIS Global, whose main field of activity is tourism, has more than 520 offices in different countries of the world. Hen-na Hotel in Nagasaki which is the world's first robot hotel is also owned by the group. The Japanese giant, which is also involved in finance, energy and airline sectors, operates AAA Airlines in partnership with Baiyoke Group.

The group which will enter Turkey in partnership with Dorak holding will make a total investment of $ 600 million, including hotels in Denizli and Cappadocia.

On the other hand, the group which is also among operators of the Asia Atlantic Airlines (AAA) is continuing negotiations with the new airport to be opened in Istanbul in October 2018, as it plans to launch scheduled flights to Turkey as of 2020.

Ahmet Serdar Korukcu, the boss of Dorak Holding, has said that they have been cooperating with the HIS group for many years and have finally transformed it into an investment partnership. Mr. Korukcu has added that the group made its first investment three months ago and became partners in Dorak group hotels such as Hilton Pamukkale and the Marriott Hotel Cappadocia with US$ 100 million and corresponding to 51 percent of shares.

 

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