The planned investments target a 700-seat conference center near Sinaia mountain resort, a tourist complex in the Danube Delta, and the construction of holiday dwellings in the local seaside and mountain resorts.
“For us, 2022 will be the year of major investments. On Prahova Valley, near Sinaia, we shall build a 700-seat conference complex, a construction from scratch, an investment estimated at EUR18-20 million. This type of conference center is needed in the mountain. We are also expecting approvals for a tourist complex in the Danube Delta, an investment of EUR15-20 million, a family complex, which will have a leisure area”, Mohammad Murad, one of the largest investors in tourism on the local market, told Ziarul Financiar (ZF).
Mohammad Murad currently controls several hotels in capital Bucharest, such as Phoenicia Grand Hotel, Phoenicia Express and Phoenicia Comfort.
On the Romanian seaside, Murad controls several hotels. In the Mamaia-Navodari seaside resort, Murad controls tourist complex Phoenicia Holiday Resort, built from scratch, which covers a total 100,000 sqm, and five-star hotel Phoenicia Royal, an investment of EUR7 million. In the northern part of the Romanian seaside, Murad also controls five-star hotel Phoenicia Luxury in Mamaia resort, inaugurated in 2013 following an investment of almost EUR5 million. Murad also holds the Perla Majestic, Majestic Olimp, Majestic Jupiter hotels on the seaside.