Afcons Targets Massive Expansion in Europe and Middle East Amid Africa Market Slowdown

Afcons Infrastructure, a prominent company under the Shapoorji Pallonji Group, is strategically pivoting its focus toward Europe and the Middle East due to a slowdown in its African operations. The company is in the process of securing three major project awards in Croatia, valued at over ₹11,300 crore (approximately USD 1.4 billion), which are pivotal to expanding its international order book that currently makes up 12% of its total workload.

Strategic Expansion and Market Diversification

Afcons’ anticipated contracts in Croatia are expected to significantly enhance its presence in the European infrastructure sector. These projects, among the largest bids submitted recently, reflect confidence in the company’s engineering and construction expertise. The European venture is a crucial part of Afcons’ strategy to diversify its portfolio and strengthen its global footprint amid challenges faced in African markets.

Challenges in African Markets

The slowdown in Africa is attributed to economic instability and project delays, which have impeded infrastructure development. This has prompted Afcons to accelerate its international growth strategy by focusing on more stable and economically viable markets such as Europe and the Middle East.

Opportunities in Croatia and the Middle East

The infrastructure projects in Croatia align with the country’s development plans and indicate growing trust in experienced international construction firms. Apart from Croatia, Afcons is exploring opportunities in the Middle East, a region witnessing ongoing infrastructure investment growth. This expansion aligns with the company’s long-term ambition to become a dominant player in global infrastructure markets.

Support and Future Prospects

• The Shapoorji Pallonji Group supports this expansion with its extensive experience and resources.
• Plans are in place to enhance Afcons’ capacity to manage large-scale projects and deliver high-quality engineering solutions.
• The expansion is expected to generate new jobs and improve the company’s competitiveness on the international stage.

This strategic shift demonstrates Afcons’ adaptability and commitment to sustainable growth in challenging market conditions. Stay tuned to Questiqa Europe News for the latest updates on this developing story.

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