Afcons Eyes Big Growth in Europe and Middle East Amid Africa Market Slowdown

Afcons Infrastructure, a prominent company under the Shapoorji Pallonji Group, is strategically shifting its focus toward Europe and the Middle East due to a slowdown in the African market. The company is awaiting formal approval for three significant project bids in Croatia, valued at over ₹11,300 crore (around $1.4 billion).

Significance of the Croatian Projects

These Croatian contracts are crucial for Afcons as securing them would considerably boost the company’s international order book, which currently accounts for only 12% of its total business. This expansion into Europe is a key part of Afcons’ strategy to strengthen its foothold in the global infrastructure market.

Expertise and Project Scope

Afcons has extensive experience in infrastructure development across sectors such as:

• Railways
• Roads
• Metros
• Marine structures

The Croatian projects are expected to involve complex engineering challenges that will highlight Afcons’ technical capabilities. Winning these contracts will ensure a steady revenue stream and help mitigate geographic business risks.

Reasons for Geographic Shift

Due to the slow market conditions in Africa, Afcons is now focusing on more stable regions. The Middle East continues to be appealing because of ongoing infrastructure investments and strong demand for construction services. This move reflects a broader trend among Indian infrastructure firms to diversify their international portfolios.

Industry Perspective and Growth Strategy

Industry experts suggest that expanding into Europe and the Middle East will help Afcons develop a more resilient business model. The ability to win large international contracts is expected to support sustainable growth. Such moves also enhance global reputation and experience for Indian infrastructure companies.

Future Outlook

Afcons faces rising competition in the infrastructure sector and is focusing on improving project execution and client relationships globally. The leadership remains optimistic that winning the Croatian projects will open up additional opportunities in European markets.

This expansion aligns with Afcons’ vision of becoming a leading international infrastructure player. With the Croatian bids pending approval, the coming months are critical for determining the company’s future growth trajectory.

Stay tuned for more updates from Questiqa Europe News.

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