Afcons Eyes Huge Growth in Europe and Middle East with New Croatian Projects

Afcons Infrastructure, a part of the Shapoorji Pallonji Group, is intensifying its focus on Europe and the Middle East amid a slowdown in African markets. The company is awaiting formal confirmation of three major project awards in Croatia valued at over ₹11,300 crore (approximately $1.4 billion). These projects are critical to expanding Afcons’ international order book, which currently makes up 12% of their total orders.

Significance of the Croatian Projects

The new projects in Croatia offer a substantial opportunity for Afcons to increase its global presence and secure steady revenues outside of Africa, where infrastructure investment has slowed due to economic challenges. These projects are likely to involve complex engineering works such as:

• Road construction
• Bridge building
• Tunnel engineering

Afcons has considerable expertise in these areas, positioning the company well for success in these bids.

Strategic Shift and Market Diversification

Historically, Africa has been a major market for Afcons. However, recent political and economic instability there has slowed the pace of new contracts. As a result, Afcons is pivoting towards the European and Middle Eastern markets. This shift emphasizes:

1. Compliance with international standards
2. Commitment to sustainability practices

which aligns with the company’s significant investments in these areas.

Outlook and Growth Prospects

The Shapoorji Pallonji Group views this strategic diversification as critical for safeguarding revenues and driving growth. Success in Croatia is expected to:

• Boost the international share of Afcons’ order book well beyond the current 12%
• Enhance Afcons’ global reputation as a leading infrastructure contractor
• Open doors for further expansion into European and Middle Eastern markets

Afcons’ leadership remains confident about winning these bids and contributing significantly to Croatia’s infrastructure development.

For further updates on this developing story, stay tuned to Questiqa Europe News.

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