Northern Caucasus Resorts Trusts French Company MND Group
Northern Caucasus Resorts (NCR) trusts the French company MND Group to develop the Arkhyz resort as an All-season destination.
At the site of the St. Petersburg International Economic Forum, Joint-Stock Company Northern Caucasus Resorts (NCR) and the French company MND Group, in the presence of the First Deputy Minister of the Russian Federation for North Caucasus Affairs, Odes Baysultanov, signed a memorandum of cooperation to jointly develop the Arkhyz resort in the Karachay-Cherkess Republic and strengthen their business relations for the projects hold by NCR.
While MND group will propose its global offer (that includes snowmaking, safety devices for ski area and avalanche, ludic snow-playground and ropeways) for NCR projects, it is planned that the main direction of interaction between the parties will be the expansion of the resort's commercial infrastructure, including through the construction of a modern outdoor amusement park. The primary focus will be on all-seasonal activities, i.e. tubing tracks, ziplines, toboggan, rope parks and other types of family entertainments. The project shall involve know-how technologies of Techfun, being part of MND Group, it focuses on solutions for arrangement of recreation sites and extreme entertainment. The project will also seek on creating more fun on ski slopes by developing snow-playgrounds for kids and families.
‘Northern Caucasus Resorts are deliberately moving toward the year-round operation model and all-season occupancy, as this is the only way for us to make them a really viable project. European partners have experience in creating entertainment facilities interesting for tourists in mountain resorts, which can be conveyed to our sites as well. MND group, thanks to its global offer, is a reliable partner able to design and build attractive activities and we believe our cooperation will help us to develop bankable and family-friendly new investment opportunities,' Khasan Timizhev, the Director General of Joint-Stock Company Northern Caucasus Resorts, told after signing the memorandum.
According to its President and CEO Xavier Gallot-Lavallée, MND Group is interested in creation of the technical and commercial platform for business development in Russia. ‘Northern Caucasus resorts and, in particular, Arkhyz, are a challenging opportunity for us to create a sort of “reference” amusement park using French and European experience as a guide, where you can spend your holidays both in winter and in summer, and thus show the widest range of our technical solutions to arrange active leisure,' he noted.
Terms of construction of the amusement park and the amount of required funding will be additionally determined by the parties based on the results of the analysis of the feasibility study of the project
