09 February ‘24

MMK launches major investment project at its Caucasus health resort

Magnitogorsk Iron and Steel Works (MMK) has begun building a new dormitory at its Metallurg spa in Yessentuki, southern Russia. Once completed, the dormitory will increase the capacity of the health and wellness centre by a third, while also creating 85 new jobs at the resort.

A heated passageway will connect the state-of-the-art, ergonomic five-storey building for 150 guests to other buildings at the resort. The dormitory will fit seamlessly into the existing architectural ensemble at the spa, which turns 60 this year.

The investment project will involve the construction and reconstruction of technical structures and the development of on-site amenities and medical facilities. The adjacent grounds will include green space with flower gardens, a playground, paths and benches.

The commissioning of the new building will be an important stage in the development not only of the sanatorium but also of Yessentuki’s year-round tourist infrastructure, both of which are part of the resort system in the Caucasus spa towns. Visitors to the Metallurg spa include employees of MMK Group as well as vacationers from other regions of Russia, neighbouring countries and beyond.

Dismantling works and site preparation are currently being carried out at the building site. Construction is expected to take two and a half years.

Founded in 1964, the Metallurg spa occupies 6 hectares in the heart of the Yessentuki resort area. The nearest mineral water spring is 450 metres away, and the airport in Mineralnye Vody is 38 kilometres away. The health resort has a medical centre with state-of-the-art equipment, a swimming pool, a gym, tennis and volleyball courts, a cinema and concert hall, a library and recreation grounds. Fountains operate on the landscaped grounds in summer. Some of the residential buildings are former dachas – restored cultural heritage properties that hold significance for the region.

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