Afcons Eyes Massive Growth in Europe and Middle East as African Markets Slow Down

Afcons Infrastructure, part of the Shapoorji Pallonji Group based in Mumbai, India, is strategically redirecting its focus towards Europe and the Middle East due to a slowdown in growth opportunities in the African markets. The company is awaiting formal approval for three major infrastructure projects in Croatia valued at over ₹11,300 crore (around $1.4 billion).

This shift represents a significant change for Afcons, whose international projects currently constitute only 12% of its total order book. If successful in securing the Croatian contracts, Afcons expects a substantial increase in its international presence and revenue.

Afcons is actively bidding for large-scale infrastructure projects across Europe, leveraging its expertise in complex constructions such as:

• Bridges
• Tunnels
• Rail networks

The Croatian government’s ambitious infrastructure plans include:

• Highways
• Rail expansions
• Maritime developments

These projects offer lucrative opportunities for experienced contractors like Afcons.

Meanwhile, challenges in the African markets — such as economic and political instability — have led to delays in new project timelines and funding difficulties. This has prompted Afcons to diversify its portfolio to ensure steady growth and take advantage of more stable regions.

Industry analysts note that this strategic pivot aligns with Afcons’ long-term growth vision by:

1. Opening access to a wider variety of projects and partnerships
2. Leveraging technological advancements
3. Reducing risks tied to dependency on a single geographic market

Afcons’ leadership remains confident in their competitive advantage, citing a strong track record of delivering projects on time and within budget. The anticipated Croatian contracts are viewed as a gateway to further expansion in Europe.

Official updates will be announced following the formal award ceremony, expected soon. With this strategic reorientation, Afcons aims to strengthen its global footprint and deliver higher returns to its stakeholders.

Stay tuned to Questiqa Europe News for the latest developments.

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