The tourism and hospitality sector could soon get a boost after Turkish Doğuş Group, one of the world’s multi-billion dollar construction industry leaders, showed “strong interest to invest in the country.
The latest investment discussions between the owners of the Doğuş Group, Édouard Ngirente, Prime Minister of Rwanda and Clare Akamanzi, Managing Director of the Rwanda Development Board (RDB) took place at the Prime Minister’s office on September 13.
The Doğuş Group manages 20 hotels and more than 200 world-class restaurants spread all over the world. For example, it owns Mytha Hotel Anthology and D-Hotels & Resorts, two well-known names in the hospitality industry globally.
“We love the Rwandan people. The country has visionary leadership, it’s incredible. We have moved to several parts of the country and have fallen in love with what Rwanda offers to the global hospitality industry,” said Ferit F. Sahenk, Chairman and CEO of Dogus Group after holding talks with the Prime Rwandan minister, Dr Edouard Ngirente, on Tuesday. .
“We are one of the largest luxury family groups in the world. We have restaurants in the United States, Europe, the Middle East, Asia and other parts of the world. Rwanda will be an amazing destination in the world for years to come,” Sahenk said.
Sahenk and his entourage had previously visited Rwanda in March 2022 to seek investment potential in a number of industries including hospitality and real estate. They also met President Paul Kagame at the time.
Douş Group employs over 35,000 people and provides services to over five million customers.
After a tour of the country, the investors announced their intention to build a hotel in Kigali and in the district of Musanze, home to mountain gorillas and a luxury on the shores of Lake Kivu.
“We are also targeting various investment opportunities; banking, telecom and technological advances,” Sahenk said.
“We think the younger generation can be amazing in the hospitality industry. We will educate them in the years to come by picking a few, bringing them to Turkey for training.
Doğuş Group is the parent company of prestigious media companies that own well-known TV channels such as NTV, Star and Euro Star. His total assets are estimated at 39.6 billion Turkish liras, or approximately more than $2.7 billion.
“This is the fourth time we have come to Rwanda and this indicates a strong interest in investing. They have great potential in tourism and hospitality, but also in the construction sector,” Akamanzi said.